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Company formation is the term for the process of incorporation of a business in the UK.[1] It is also sometimes referred to as company registration. These terms are both also used when incorporating a business in the Republic of Ireland. Under UK company law and most international law, a company or corporation is considered an entity that is separate from the people who own or operate the company.[1]
Forming a company via the paper filing method can take up to 4 weeks but nowadays the majority of UK companies are formed the same day electronically. Companies can be created by individuals, specialised agents, solicitors or accountants. Many solicitors and accountants subcontract incorporation out to specialised company formation agents.[citation needed] Most agents offer company formation packages for less than £100.
- ^ a b "Register a company in the UK". Retrieved 23 September 2024.