Company information
There is a lot that needs to be done regarding company information. First, naming your company and establishing your company. Maybe you already have a catchy name in mind? There are a few important steps that need to be followed when naming a company.
Use common sense. The name of your company should be easy to remember, easy to pronounce, easy to spell. Think about whether the name should reflect what your company does or should it be the name of your product or your own name? Is the name you have chosen original? Is it legal? If you are going to be doing business on the internet, make sure your company name or url is not already taken. There are also legal issues regarding what names or logos you can use. Check out Companies House to see what company names already exist and guidance on how to name your company.
Next, you will have to think about the type of company you want to form. This is very important because the type of company you establish will affect your tax and legal status. At this juncture, it is advisable to seek professional advice as there are many legal structures to choose from, such as self-employment, partnership, limited liability partnership and so forth.
Check out this list of legal business structures in the UK and what they mean.
