One of the four important documents of company formation is Memorandum of Association. The clauses included in this document are: the company's name, where the registered office of the company is situated (in England, Wales or Scotland); and what it will do (its objects). The object of a company may simply be to carry on business as a general commercial company. This article deals with registered office.
As mentioned above, company formation in the UK necessitates one to have a registered office. This office is basically an address that is used for official correspondence. This office remains registered with the Companies House. All the posts meant for the company are sent to this office. The company sectary is supposed to run the office and respond to the posts sent to him. Company law in the UK has set a few dos and don't connected with this office.
Company formation law in the UK says that the registered office of a company should be within the places that are approved for the purpose. It is not that one can have the office anywhere in the UK, if he is running his business there. In case the business is run in England, the office should be somewhere there. On the other hand, if the business in run in Wales, the registered office should be within the jurisdiction of this places.
Those who are engaged in company formation should also be informed about the fact that the name of the company should be displayed in front of the office. All the stationery of the company should have the address of the registered office labeled on them. Moreover, if any changes made in the address of the office, the companies House should be informed about it. These are the formalities connected with registered office. In order to form a company, one should take care of all these formalities.
For people starting their own business/company, having an office is of great importance. But, for the businessmen starting their business with low budget, it is impossible to own/hire an office, and execute their business matters from there. Thus, in UK, the facility of having a registered office fulfills this very need of businessmen. The Companies Act of UK allows even one or two people to form a company. To have such an office what all one needs to have is an office that is registered.
Having a registered office is mandatory for small business houses, as the address which is registered under Company Act is used by government offices to make all official correspondence with the company. Besides, the address that you have registered for your company is used also for all your business interests like corresponding with your business associates like clients, customers, business houses, etc.
The Companies Act also allows people living outside UK to open a company of their own in UK. A registered office plays another important role here in providing such people a place which they can use as their official address. There are several companies offering this facility. Paying them their annual charge will let you avail the mail delivery facilities according to which you will get all the letters delivered to you at right time. Finding a good service provider is not a problem, as the their online availability has made the entire process easier.
Location of an office gives your company a positive image. Likewise, registered office also helps you to boost corporate image of your company. Your office address is forwarded to all your business associates through the letters heads. If the address is of a reputed office location, it is conveying people a positive impression of your office. Thus, availing the facility of an office that is registered helps you in positive way to boost the corporate image, which may lead your company having growth in business sells.