From start to complete, it normally takes 3 to six working hours to establish an organization for those who do it online. Usually, you may complete an organization formation application in 5 to 10 minutes and register a ready-to-trade company on the identical day.
So, let’s take a temporary take a look at the data you could arrange an organization, how long the corporate formation process takes, and the way quickly Firms House approves online applications.
Information you could arrange an organization
To register an organization, you should supply certain details on an organization formation application form. The knowledge required to establish an organization is as follows:
The identical individual generally is a director, shareholder, secretary, and PSC – you don’t need different people for every role. Essentially, this implies which you could form an organization by yourself.
If you happen to’re going into business with other people, the identical individuals can assume a couple of position in the corporate, or different people can tackle different roles. It’s entirely as much as you.
How long does it take to establish an organization?
The means of organising an organization, also often known as the corporate formation process, doesn’t take very long for those who complete and file an internet application form through Rapid Formations.
Generally, it only takes only 3 to six working hours in total, from selecting an organization name to getting your application approved at Firms House. Nonetheless, occasionally the Firms House approval process may take as much as 24 hours, especially during peak filing periods.
Complete our online application process in 10 minutes
If you have got all the required information ready, you may complete our quite simple online application process in roughly 10 minutes.
Each section is straightforward to know and navigate, with explanations provided along the best way. But for those who get stuck, our friendly team of company experts is obtainable to help – by telephone or live chat.
Firms House approval and registration
Once you’ve filled in your application, we’ll then submit it to Firms House (the UK registrar of firms) for approval. As stated above, this can only take a matter of hours.
It’s value considering purchasing our Pre-Submission Review service at a price of £4.99 and having certainly one of our company experts review your application for any errors and omissions before we submit it to Firms House. It will greatly reduce the possibility of your organization being rejected at Firms House – avoiding the necessity for re-submission.
When your organization has been successfully registered, we’ll send you a confirmation email with digital copies of your organization formation documents, including the certificate of incorporation.
You possibly can then start trading through your recent limited company at any time when you would like.
So there you have got it…
We’ve outlined the data required to establish an organization and explained how long the corporate formation process takes, including Firms House processing time.
If you have got any questions or need assistance forming an organization, please contact our company formation team on 020 7871 9990, or leave a comment below.