If you want to know what the online procedure for forming a company is, then you have come to the right place. Take a look at how you can do the same in just a simple five-step process.
1. Choose a company name first
This is the first step of creating a company online. You will have to start by checking whether or not the name you’re contemplating for the business is available. To do that, simply input the name in the company name search tool. If the name is not available and is already taken by some other corporation, try to make some changes and again input it in the tool until you stumble upon a name which is both good and available.
It’s important to think of a name which represents your business’s ethos, nature, and sums-up its activities along with core values. If the corresponding domain is also available for launching a website, nothing could be better than that. Having a website domain that matches the exact name of your company/business will make it lot easier for people to find you online.
2. Select a suitable package
You can find several online company formation service providers that offer multiple packages. We also have several formation packages for company registration. Our packages are for companies limited by shares, LLPs, sole traders and limited by guarantee companies. Depending on the nature of company that you wish to setup choose the relevant package.
3. Additional Services
After you’ve chosen the right formation package, you can add additional services to the registration which are applicable to all types of LLPs and companies. Some of the additional services include creating a business bank account, registering your business for PAYE & VAT, ordering a company stamp, mail forwarding address etc.
4. Checkout
Use your debit or credit card to checkout and pay for the service. Once the payment is done, you should receive an email confirming the purchase. You will get an invoice along with the login details to get in touch with the Online Company Manager.
5. Enter company details
In this stage, you will have to take out some time to finish the online incorporation application to form your company online. In this process, you will be providing information such as the registered office address, along with the details of shareholders, members, and company directors. Be sure to have the checklist ready which is needed at this time.
What to expect next…
After you’ve submitted the application, our team will look into it to find and correct errors, if any. After this, the application will be sent to the Companies House pending approval.
It usually takes 3-6 working hours for Companies House to process new applications. However, this duration can vary depending on the workload.
After successful incorporation of the company, you will receive all the documentation along with Webfiling authentication code and VAT invoice via email. You will also get hard copies of documentations (if you ordered any) within 3-5 business days.