Registration Of New Company Is Necessary
Among the common business structures for larger companies, public limited company is owned by several shareholders that either have decision-making positions or directorship in the company. Public companies are different from private limited companies. The company owners can issue company shares to the common people through the Stock Exchange or other Investment Market. The shareholders in public limited company are liable for the company's debts. The liability is limited only to the amount that is invested by them in the company. For the new company registration, people need to follow several steps. The company must be registered in the Companies House. There are many firms that help the newcomers in establishing the new company properly. These companies take care of all the formalities that even includes the paperwork. They make sure that the process is smooth and free from errors. There are several advantages of setting up these companies. The public limited companies retain all the limited liability facilities of the private limited company for both the business manager and the shareholders. A company can be converted into another type at any time. They have higher status among the customers and other suppliers. The process of the new company registration involves the naming of the company as the first step. The company name must be unique and available with Companies House. It must not have any sensitive words. Then they need to follow documentation procedure for the registration. The documents like Memorandum of Association and Article of Association must be duly completed and then submitted to the Companies House. These documents require the company name, liabilities of company members, company location and purpose of opening the company. Thus, all these task and requirements can be easily accomplished by the firms.