All That You Need to Know About Company Formation with Registered Office

Every business venture/entrepreneur needs a formal set up if at all they desire to be taken seriously. A formal company formation with registered office not only acts as a strong Launch pad for all the ventures of the company but also as a basis for proof of existence, transactions and crucial for attracting clients.

So, company formation must be taken seriously and be carried out with all care in the hands of trusted company formation experts who also assist with registering an office. Let’s first look at why a company needs to be registered at the first place -

1.      It forms a strong base that will qualify you to apply for financial loans, if need be and various other SME facilities.

2.      It is a must for you to qualify to apply for any kind of tenders that are formal in the market.

3.   Every company will definitely need a company bank account, registering your company will qualify you for acquiring a company bank account.

4.      If you are aiming at attracting investors, it is crucial that you set up a legal platform that is sensible along with formal business operations.

5.      It is the first stepping stone in the ladder of growth of an SME (Small and medium enterprises)

There are two basic ways of registering a company, which include -

1.      Private Limited Companies

2.      Private Business Corporations

Here are a few good points that will help you get started if you are wondering how this must be done:

1.      Assistance from formation agent against registering the company yourself: When you are looking to set up a company formation especially a Scottish company formation, it is a fact that doing it yourself can work out way cheaper than getting an agent to assist you. One could directly approach a Companies House and get started with the registration without having to go through the agent but on the cons, this could take way longer than you expect. Going through an agent, eases your difficulty especially when you need to find the right forms to fill up without missing out on any crucial ones. There is also the additional hassle of submitting your own articles and memorandum of association which can eat up a lot of time and can be very expensive to acquire. Here is when having an agent assist you with all of this can be a blessing in disguise. Online agents are very easy to engage because of the option of online forms that are easy to fill.

2.      Laying out a business plan: This is the focal point of your company. Make sure you have a well laid out business plan that has ‘road maps’ with workable and practical paths along with mind maps (for more complicated organizations) that will help any new joiner, banker or an investor understand the company’s goals clearly enough.

3.      Choosing Company Name: Before you pick a name, make sure it is available and not already used by another organization that has trademarked the name. Also check for the domain to start your company’s official website. Make sure you don’t use any copyright or defamatory/swear/inappropriate words in the name. If you do, there is a need for you to get a special approval from certain government organizations.

These are but a few important pointers to help you get kick-stared with registering your company.