Tuesday, June 19, 2007

What Registered Office Has To Do With Limited Companies?

Many people abstain from going for a business venture in UK thinking that they may have to face lots of hassles. But in reality, the process of starting a limited liability company in the UK is not at all complicated. Company formation in Britain requires two Company House forms, 10 and 12 and a few other formalities. Company House Form 10 provides details of the first directors and intended situation of the registered office.

Initially a name-check should be done with Company House to ensure that the proposed name is available and meets the required criteria. It should also be ensured that the name of the proposed limited liability company entered in form 10 shows ‘limited’ as the last word. To avoid rejection of the company formation registration check addresses and post codes with Royal Mail. Company House form 10 must be signed either by the subscribers to the memorandum of association or by his deputy who is working on his behalf.

Every company must have a registered office so that official documents, letters, mails can be sent to it. This is dictated in Section 287(1)) of Companies Act of 1985. However, it is not a must that the office address should be of the place from where the business of the company is conducted. Very often it is an address of a person or persons that offer it to be used by a company. Company service provider firms manage such addresses and offer it at a certain cost to those who need it.

In some cases, one may not be allowed to use his registered office address for any trading, correspondence or advertising purposes. It will be regarded only as the official address of the company. Mails and letters sent to it are forwarded only at a certain charge. Searching out firms who offer addresses for registered office is possible over the internet. Most of these firms provide online service.