KBDS & Co.
KBDS & Co.
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Company Formation..

Company formation is the term for the process of incorporation of a business. It is also sometimes referred to as company registration. These terms are both also used when incorporating a business. Under most international law a company or corporation is considered to be an entity that is separate from the people who own or operate the company.

Companies can be created by individuals, specialized agents, solicitors or accountants. Many solicitors and accountants subcontract incorporation out to specialized company formation agents.

Paper process:
Under section 9 of the Companies Act 2006, those forming a company must send the following documents, together with the registration fee, to the Registrar of Companies.

Articles of Association:
The Articles of Association (often referred to as just 'articles') is the document which sets out the rules for the running of the company's internal affairs. The company's articles delivered to the Registrar must be signed by each subscriber in front of a witness who must attest the signature.

Memorandum of Association:
This contains the names and signatures of the subscribers that wish to form the company and, in the case of a company limited by shares, a commitment by the subscribers to take at least one share each.

Electronic process:
The electronic process can be accessed using compatible software that works with the eFiling service. Company formation agents have direct links into KBDS, to look up the company name, and submit the company. Different agents have differences in their processes caused by their website and software implementation.

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