Obeying the law ensures good governance and a better standard of living for citizens. There are different types of legislation that tell us about the laws that govern doing business in the United Kingdom. The process of incorporating a company in the UK requires compliance with company law, which includes registration, documentation, meetings, statutory declaration, and various other procedures.
This process is open, business-friendly, and transparent in the United Kingdom. New stores take very little time to register and manage stores. This attracts more countries to invest in the UK economy, thereby stimulating national growth. If you’re planning to register a company, find a lawyer, by searching “statutory declaration near me” or “statutory declaration lawyer” online.
To start a business, there is a registration process that can be done online. This is a simple and easy process. There are two types of companies: limited and unlimited. Forming a limited liability company is easy; The UK Company Law Board is encouraged to establish this type of company.
One of the advantages of a limited liability company is that the liability of the owners is limited to their property. Personal assets are separated from company assets. To register a company in the UK, four main documents must be submitted to the Registrar of Companies. This includes the Memorandum of Incorporation, Articles of Association, Form 10, and Form 12.