Business Formation Requirements may vary depending upon the type of business. Following is the basic checklist of Online Business Formation:
| 1. Business Legal Form: The legal form you choose for your business will depend on your commercial needs, the financial risk you are willing to take, and your tax position. |
| 2. Business Name Selection: Business Name should help customers understand the business. Many business owners, at the time of business formation, make a mistake when they come up with a "unique business name" rather than one that helps people understand their business. More Information on Company Name Selection. |
3. Business Name Availability: Search if that particular business name is available.
Search UK Business Names . More Information on Business Name Registration. |
| 4. Online Business Formation: Use a Business Formation Agent to form your Online Business. Formations House has completely automated the company incorporation procedure. You can form your company online with no hard copy documents to sign. All you need to do in fill in Formations House online business formation form which asks you for all the required information and company details. |
| 5. Corporate Structure: Choose company directors, company secretaries and shareholders for your business. For UK Business Formation there must be at least 2 entities one director, and a company secretary.The same person cannot act as both sole director and company secretary. |
6. Articles of Incorporation: Articles of Incorporation has to be created, signed & filed. |
| 7. Business Bank Account: After successful business formation, business bank account can be formed for the company. |
| 8. Business Licence's: Check with your legal advisor if you need any business licence's to conduct business. |
9. VAT Registration: You can run your business without registering for VAT, but you will need to register if:
 you want to charge VAT from your customers; |
| your taxable turnover exceeds the VAT threshold |
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10. PAYE Tax Registration: To Employee people you have to do PAYE Tax Registration.
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