| Conclusion |
Company Formation Agent UK
You may think all company formation agents are the same. What to look for in your company formation agent – Clear pricing with no hidden charges, for example, is vat and the 15 government fee included in the advertised price. By using nominees the agent then has to transfer shares to you after incorporation and send you forms to appoint a director and secretary. If a company formation agent is not able to advise you on the important aspects of a limited company then who can.
Having the company registered within 24 hours is important because most electronic applications to Companies House are completed the same day. If the Agent offers a 5 day service then they are more likely to be making a paper application to register the company.
Other formation companies form companies using nominees and then resign and transfer the shares to other directors. The presence of these agent directors and shareholders leads to confusion and delay when opening bank accounts and arranging finance. Anyone doing a search for this specific company will find the first shareholders were not themselves but the agent. The company then has to prove that the shares have been transferred to themselves, to confirm that they are in fact the owner of the company.
Having a highly secure website is important and not just on the payment page. This is because people have to enter sensitive personal information. The entire process should be secure so that no-one can get hold of somebody else's details. People who are filling out forms online should check that the padlock sign is in their browser when entering information. This should be the same on the payment page too. This is to ensure that nobody can access someone's credit or debit card details and personal details too.
Using a company formation agent saves a lot of time for many people. Some want to be able to focus on getting staff, or money worries. Whilst they are doing this, an agent can be filling in forms and sending them on to Company House. With an agent, the chances of Company House rejecting the forms is slim because an agent knows exactly what they are doing and as long as the company has given all the correct details, such as names of directors and secretary (if chosen to have one), shareholders and registered address of the company, there should be no problem. If the details are correct, Company House will send the Certificate of Incorporation within 3 hours. |