Moses Peters & Company can assist you to incorporate a limited company. Incorporation is the process by which a new or existing business registers as a limited company. A company is a legal entity with a separate identity from those who own or run it. The vast majority of companies are limited liability companies where the liability of the members is limited by shares or by guarantee. Moses Peters & Company can assist you to incorporate a company in any of the following three ways:
(1) Electronic incorporation
(2) Web Incorporation
(3) Paper Filing.
This involves preparing and submitting the required documents to Companies House together with the relevant filing fee. The required documents include: application to register a company, memorandum of association, articles of association, and additional information if the application includes a sensitive word or expression. If the documents satisfy all the appropriate examination checks, the company will be incorporated, and a certificate of incorporation will be issued, and the documents will be placed on the company record for public inspection.
Why Incorporate a Company?
A sole proprietor is liable to the full extent of his or her personal assets for the liabilities of the business. To reduce this risk, companies are incorporated to limit the liability of the owners. A corporation is an entity separate and distinct from the shareholders whose liability is limited to the extent of the money invested by the shareholders. Corporations are managed by the directors. A business cannot operate as a limited company until it has been incorporated at Companies House under the Companies Act 2006.
Advantages of incorporation
- Perpetual existence
- Flexibility for financing
- Liability of the owners is limited
- Assumption of risk by each shareholder is reduced
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