In order to commence trading, a company needs to obtain a Professional Business Registration certificate from Companies House (HC); the company must also carry a Trade Register certificate. Both the professional business and trade register certificates can be renewed by submitting relevant information to the appropriate authorities (HC and TC). Professional Business Registration is needed for companies trading in the United Kingdom and the procedure to obtain it is quite simple. You can discover more details about this company here.
First of all it is important to decide what type of business you are planning to set up. If you want to trade in the stock market then your Professional Business Registration would take you one stage further. A Professional Business Registration application is first required to show proof of funds and assets; for instance, it would take you to prove that your capital is enough to run the company for a year. Your business name would take you to the next stage of registration, the company name would take you to the next stage of registration, when you would have to apply to the Companies House to arrange your company name as well as its address in London, the place where the company would trade for the duration of its business life. Your company name would take you to another stage in the process of company registration, when you would have to apply to the Secretary of State for granting a Trade Register certificate for your new company.
The next stage of Professional Business Registration is related to the company structure types available for you to choose from. The types of business structure available include limited liability partnership, limited company, partnership, corporation, unincorporated partnership, limited partnership and bareboat company. In each of these company structure types there are different methods of registration like sole proprietorship, limited liability company, corporations, partnership and unincorporated partnership. It is only after reviewing all the company registration options that you will have to select the appropriate one for your business structure types. It is important to select an appropriate method of registration so that your registration fulfils all the requirements of the UK Companies House.
After selecting the appropriate company name, the next step in professional business registration is to select the type of business. If you want to be registered as a Limited Company, you can go for a Professional Business Registration service provider who can guide you through all the steps to be followed for the selection of the correct type of Company Name and the submission of the Articles of Association. These Professional Business Registration providers can also assist you in the entire procedure of filing the Articles of Association and would even offer you professional advice on matters relating to the payment of the annual registration fee. Once all these formalities are completed, you can easily find out whether the company name you have chosen is available for use by anyone else.
If you wish to select the same company name for your sole and common-law partner, it becomes necessary to seek Professional Business Registration assistance from a Registered Office Company (ROC). These professional services are not provided directly by the Companies House, but rather by firms that operate in the area of business registration in Singapore. If you wish to get the full benefit of being a sole proprietor or if you are thinking of incorporating your business in Singapore, you would need to obtain Professional Business Registration. These professional services from Registered Office Companies are quite affordable and are available online.
When you decide to choose Professional Business Registration, it is a form of business registration that applies only to the activities of a single person and that is why it is called as 'singular business registration'. You can set up a Limited Liability Company (LLC) or a Public Limited Company (PLC). When you incorporate your business in Singapore, it is mandatory to indicate the principal's or the company's name in the Articles of Organization so that they can be legally maintained. Check out this related post to get more enlightened on the topic: https://en.wikipedia.org/wiki/Trade_name.
