Why Company Registration With Pvt Ltd is Important
If you are thinking of setting up a new business or looking for expanding an existing one, then it is advisable to register your company at Companies House. The procedure to get registered at Companies House is quite simple but requires careful planning and implementation. There are certain advantages that you can reap by having your company registered at this government agency. One of the major benefits that you stand to enjoy by having your company registered at Companies House is that all of your company’s official documents like the Memorandum and the Articles of Association are recorded and filed at the record office of Companies House. This means that should any legal issues arise in the future, these documents will be available to you to prove that your business was duly registered at the record office.
Another benefit that you stand to enjoy by having your company registration with Companies House is that if your company wants to start operations, all its official documents need to be furnished to the record office before it can become registered. Even after it is registered at Company House, you have to file the company’s articles of association annually. You cannot operate your company until all the formalities are completed. If you want to change the name of your company, you will have to give the appropriate notice to the company registration authorities.
If your company is not registered at Companies House, you might also have to take some steps to set it up. For instance, if you are looking to start a limited liability company (LLC) or a partnership (PPS), then you will have to get the relevant registrations done before you can continue. Your accountant can also assist you in filing all the annual returns.
Some entrepreneurs do not wish to have their company registration pvt ltd. They feel that it is too much hassle to maintain these records. However, there are other factors to consider as well. Most experts would agree that it is better to have your company registered at Company House rather than starting your own business and spending time and money getting it registered at different locations. There are several advantages of doing so. In the United Kingdom, there are specific rules regarding company registration and most importantly, you get to benefit from certain tax benefits.
When you are running a business, you cannot just close shop whenever you want. You need to pay rent, buy supplies and even pay employees. By having your company registration with Company House, you will not be required to submit these payments anymore. If you wish, you can also continue operating your company as normal. However, you must ensure that the company records are updated at least once a year.
If you are still not sure whether you want to register your company, you can always call the company office to ask for their assistance. It is important to note that company registration with Pvt Ltd is not at all difficult. In fact, it is quite easy. All you need is to make sure that you have all the requirements and documents ready before filing for the process.