London, UK June 28th 2012 – Forming a brand new company can offer entrepreneurs and prospective business owners with a viable and even beneficial means of creating a profitable venture. The economic downturn has seen many more people become self employed or set up their own business because there are still opportunities to make profit. Before any person can start trading as a business, though, they must first undertake company incorporation to establish a legal business entity.
A private company limited by shares is the most commonly used business type for new business owners. It offers a number of benefits when compared to working freelance but without the additional hassles that are sometimes associated with public companies and other company structures. The biggest benefit is that the business is treated as a separate legal entity. As long as the shareholders and directors act legally, any financial trouble the company finds itself in will not be passed on to the individual. If a new company faces a winding up order then the directors will not be held financially responsible.
The process of forming a new business doesn’t have to be a difficult one either. Using a service like the one offered by TheFormationsCompany.com, prospective business owners can enjoy all of the benefits of a brand new business without the hassles of registering with Companies House. What’s more, they can even enjoy a £50 cash back deal while having a fast tracked business bank account application on their behalf.
Visit The Formations Company website to check whether your desired business name is available. You can then choose the type of package, any additional extras you require, and complete the process by paying the fees, which start from as little as £4.99. Starting your own business could provide you with a more financially stable and comfortable future and the first step is incorporation.
15 Britannia Building
12 Ebenezer Street
Zip: N1 7RP
Tel: 0845 880 8180