Years ago, forming a limited company in the UK was a long and complicated process. Today however, that process is shortened significantly with the assistance of online company formation agents. Knowing whether or not you should form a limited company is essential in knowing whether or not you should use an online company formation agent. If you have decided that limited company formation is the best option for your business, there are things you should know about using online formation agencies.
Using a company formation agent can save you time as opposed to registering and forming the company yourself. Many people find that using online agents is an easier and often less expensive way to set up a limited company. Online company formation is filed with Companies House whether you use a formation agent or not. However, some agents offer lower cost filing fees than filing the registration yourself and if you opt for online registration, you save yourself the hassle of dealing with paper forms. An online agency will submit the online forms directly to Companies House for you, saving you time and a few dollars on registration fees. This also means that your company will be registered faster so you can begin operating faster than waiting for traditional mail or going to Companies House yourself to do the registration.
You also save on postage costs because online agencies register your company online. You receive an electronic copy of the certification as soon as the registration process is completed, which again saves you time from waiting on traditional mail to deliver the certificates or incorporation. Many feel that these few days or weeks of waiting are definitely worth opting for an online registration through a formation agent. Formation agents can also provide you with everything that you will need to get started including VAT registration, Trademark registration, and other aspects of setting up your business like domain registration and getting your company online.
Still, many choose to do this registration themselves and save the fees that are associated with using an online company formation agent. The real answer in whether or not an agent is best for you will depend on how much you know about registering a limited company and whether or not you need assistance with the process. Company formation agents do this as a business, which means that they know the ins and outs of company registration and can often save you some frustration when it comes to getting everything done on time and in the correct manner. If you are still unsure, it is highly recommended that you spend some time visiting a few company formation agencies online and learn more about the benefits of using them. Check at least three to five different companies to determine which of those offers the most benefit. If you choose to use this online option, make sure that you know all of the requirements and what is expected of you, as well as what this particular formation agent is going to do for you with regards to benefits for your business.