Doing business in the UK

by on February 28, 2009

You are think you want to start a business in the UK, but you are not quite sure where to start. Well let`s take a look at what you have to do so you have a better idea of what you need to do. You will need money for the filing fee, all necessary forms and an address in the area. And if you plan on importing a vehicle with you when you move that is another headache altogether, I had a friend that had an old Harley and was looking for Harley Davidson motorcycle parts so he could restore his bike but had problems with the export office..

First you need to have an address in the UK. The address can be in England, Scotland or Wales; this will be the official company address. If you live in the UK you will not have a problem with this. If you do not live in the UK you can pay an annual fee to a solicitor to use their office address. If you chose to do this you will be responsible for leaving a copy of all company documents at this address.

Before you leave the city after finding your new dream house don’t forget to stop by and get a fresh hot dog from one of the local vendors, I dont know if it the hot dog steamers they use or the city air that makes them so delicious..

You now need to fill out the Companies House Form 10. This form will have questions about the companies officers; secretary, directors etc. You can get this form online or request it through the mail from Companies House.

Now write a memorandum of association for your business. This needs to state the company name, the situation of the registered office, the objects and liabilities of the company.

You will also want to write Articles of Incorporation. This will give the internal management information and who the company will run. Each subscriber to the shares should sign this article. These Associations are not provided by the Companies House but you can purchase them a legal stationer.

You also need to complete the Companies House Form 12. The states you are compliant with the Companies Act 1985. You must sign this form in the presence of a solicitor, commissioner of oaths, notary public or justice of the peace. This should be done after you have completed the Memorandum of Association and Articles of Association.

Now that you have all your documents ready you can submit them to the Companies House of England and Wales. You want to also be sure that you include the filing fee with your paperwork. The current filing fee is £20 (pounds sterling) for the standard service which will get your business registered within 10 business days. Or you can chose to get the express service which is £50 (pounds sterling) and your business will be registered the same day. If you are mailing in the forms and you want the express service it is necessary to write in bold print SAME DAY INCORPORATION on the envelop so that it receives immediate attention. It is a good idea to make sure that the business name you want to register is available you can do this in two ways; on is to call the Contact Centre or by using the online WebCheck service.

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