Many people want to complete their company formation as quickly as possible so that they can have their company set up and begin trading straight away. There are a few ways you can register your company with Companies House, the main ones being by doing it yourself directly, having a formation agent do it for you or using the services of an accountant or lawyer. These three options are discussed below:
Sending the application yourself
Sending the application to Companies House yourself is one of the more time consuming methods to complete your company formation. This is because firstly you will need to make sure you fill in the form correctly and will have to find a suitable set of Memorandum and Articles of Association to use, which can take time and cost money. Also without the necessary electronic software you will have to make your application on paper. This costs £20 and is likely to be a slow process as you will have to send the application by post which can take time. Also Companies House takes 8-10 days to process paper applications.
You do have the option of completing a “same day incorporation” on paper if Companies House receives the application before 3pm. However this comes at a cost of £50, much more expensive than most formation agents.
Company Formation Agent
The quickest way to complete your company formation is probably by using an online company formation agent such as Wisteria Formations. This is because the online process makes filling in the application much quicker and simpler and you will not have to search for your own Memorandum and Articles of Association. Also a company formation agent will make the application to Companies House electronically, which makes it quicker than doing it yourself, as Companies House usually process online application within 24 hours. For a basic formation service company formation agents usually charge around £24.99.
Accountant or Lawyer
It may be helpful to visit an accountant such as Wisteria Chartered Accountants before you form your company if you are unsure about whether to incorporate or what extra services you will require. This will be a more thorough, but ultimately a longer and more expensive process, because you will have to arrange to meet your accountant and then they will need to form the company either through an agent or on paper which is just as quick as you using these methods yourself.
To complete your company formation with Wisteria Formations begin here: http://www.wisteriaformations.co.uk
