Forming a new limited company is quicker and easier than many people realize. By utilizing online incorporation services, it is entirely possible to establish a company and commence trading on the same day.
The Fastest Method for Company Formation
The quickest way to form a company is through an online company formation agent. This option is not only affordable but also the simplest approach. If you have already chosen a company name and gathered all the necessary information, it will only take a few minutes to complete the online application for company formation.
Our All Inclusive Package: The Ideal Method for Company Formation
Can I form a limited company while being employed? How many people are required to form a limited company? These are common questions asked when establishing a company.
Once you submit the online form, it will be promptly reviewed and approved by Companies House, the UK registrar of companies. The review process typically takes three to six working hours, although in some cases, it may take longer due to heavy workload.
Mondays tend to be the busiest days at Companies House, and applications submitted on Friday afternoons might not be processed until after the weekend. To ensure same-day approval, it is advisable to submit your application on Tuesday through Thursday, preferably before midday.
To complete the company formation application, you will need to provide the following information:
- Company name (refer to our guidance on choosing a name)
- Registered office address (refer to our guidance on selecting an address)
- Details of directors (at least one director is required)
- Details of members (shareholders/guarantors) (at least one member is required, and members can also be directors)
- Details of People with Significant Control (PSCs) (normally, PSCs are members)
- Standard Industrial Classification (SIC) code (used to describe the company’s main business activities)
At Launchese, you can establish a company for as little as $25 and receive free guidance and assistance throughout the process.
Check our packages from here: https://launchese.com/plans
Our streamlined services expedite the company incorporation process by handling most of the administrative burden that would typically be placed on Companies House.
Additionally, we offer an optional Pre-Submission Review Service, where our company formation experts will review your application, flag any errors, and make necessary corrections before submitting it to Companies House. This greatly reduces the risk of rejection.
Alternative Methods for Company Formation
Online applications are usually processed within 24-48 hours, except the weekends, while postal applications take around 8 to 10 days.
If any errors occur on the form, you will need to rectify them and resubmit to Companies House, leading to significant delays and potential additional costs.
Furthermore, unlike company formation agents, Companies House does not offer personalized professional advice and assistance regarding matters such as selecting a company name, choosing the most suitable company type for your business, issuing shares, or amending the articles of association.