Entrepreneurs are pleased to learn that registering a business name in the UK is easy. You can delegate the paperwork to a reliable agent to speed up the launch. UK residents can register their companies remotely, from the comfort of their home.
Entrepreneurs do not have to reach out to Companies House by themselves. The UK company registration services by GoSolo also include a bank account with a debit card and a powerful app. The latter lets clients monitor their cash flow at a glance and manage it.
What Structure Should I Choose?
For entrepreneurs, the easiest option is to open a private limited company with one director/owner. Other options include a sole trader, a public limited company, a business partnership, and an overseas company. Private limited companies have just one director who is also the shareholder. This simplifies registration.
The sole trader model makes the owner personally liable. If their business goes downhill, this puts their personal assets like a house or vehicle at stake. While it is the most common structure for private entrepreneurs, it is also less tax profitable.
Companies House is the UK institution that incorporates and dissolves businesses. Entrepreneurs who want to register as a one-person entity submit their information to the registrar. In comparison, sole traders and business partners register with HMRC. If you hire a formation agent, they will do everything on your behalf.
Tips for Choosing a Name
Are you struggling to come up with a unique name for your business? Look at the strongest companies in your niche — their names could inspire you! Additionally, make sure that:
- The name is available — i.e., it has not been used by another business (you can use the name availability checker of the Companies House).
- The name is short, easy to spell and remember.
- It reflects what your company does, so a consumer can instantly associate it with particular products or services.
- It does not contain any sensitive words (check government guidance documents).
Overview of Registration Procedures
The easiest way to register a business in the United Kingdom is to use the services of an intermediary. Top agents make the process straightforward. For example, entrepreneurs intending to establish a private limited company may only have to submit the following:
- a valid ID document with the photo that matches their selfie video,
- a utility bill, bank statement, tax return or council bill to prove their status as a UK resident, and
- a business address in the UK (you can get one online).
The agent will provide an application form for you to fill in, confirm your identity, address and phone number. All of the required information will be sent to Companies House without your participation. Once the process is complete, you will receive a business bank account. In total, the process may take up to 5.5 working days.
Entrepreneurs are pleased to learn that registering a business name in the UK is easy. You can delegate the paperwork to a reliable agent to speed up the launch. UK residents can register their companies remotely, from the comfort of their home.
Entrepreneurs do not have to reach out to Companies House by themselves. The UK company registration services by GoSolo also include a bank account with a debit card and a powerful app. The latter lets clients monitor their cash flow at a glance and manage it.
What Structure Should I Choose?
For entrepreneurs, the easiest option is to open a private limited company with one director/owner. Other options include a sole trader, a public limited company, a business partnership, and an overseas company. Private limited companies have just one director who is also the shareholder. This simplifies registration.
The sole trader model makes the owner personally liable. If their business goes downhill, this puts their personal assets like a house or vehicle at stake. While it is the most common structure for private entrepreneurs, it is also less tax profitable.
Companies House is the UK institution that incorporates and dissolves businesses. Entrepreneurs who want to register as a one-person entity submit their information to the registrar. In comparison, sole traders and business partners register with HMRC. If you hire a formation agent, they will do everything on your behalf.
Tips for Choosing a Name
Are you struggling to come up with a unique name for your business? Look at the strongest companies in your niche — their names could inspire you! Additionally, make sure that:
- The name is available — i.e., it has not been used by another business (you can use the name availability checker of the Companies House).
- The name is short, easy to spell and remember.
- It reflects what your company does, so a consumer can instantly associate it with particular products or services.
- It does not contain any sensitive words (check government guidance documents).
Overview of Registration Procedures
The easiest way to register a business in the United Kingdom is to use the services of an intermediary. Top agents make the process straightforward. For example, entrepreneurs intending to establish a private limited company may only have to submit the following:
- a valid ID document with the photo that matches their selfie video,
- a utility bill, bank statement, tax return or council bill to prove their status as a UK resident, and
- a business address in the UK (you can get one online).
The agent will provide an application form for you to fill in, confirm your identity, address and phone number. All of the required information will be sent to Companies House without your participation. Once the process is complete, you will receive a business bank account. In total, the process may take up to 5.5 working days.
Source: Plato Data Intelligence
