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How to form a company - Coggle Diagram
How to form a company
Registration is the process by which a company is incorporated and becomes a legal entity separate from its owners
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An index of company names is maintained by the Registrar and must be checked by the person responsible for the incorporation to make sure that the proposed name will not be the same as or too similar to the name of any existing company
Certain words and phrases require the consent of the Secretary of State and are referred to as sensitive words. Sensitive words and expressions are those that
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Imply a connection to government or any part of it, any local authority or public body in any part of the UK
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It is important to thoroughly research a suitable name. The Registrar has the power to order a change of name
Within 12 months of registration if the name is the same or too like a name in the existing index of company names
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Under CA2006, complaints can also be made where a company name has been registered with the intention of extracting money from a complainant or preventing the registration of a company name in which a person or business has some goodwill. A Company Names Tribunial has been established as part of the UK Intellectual Property Office to review objections.
Qualifying charities, non profit making organisations and CICs can apply for exemption from the requirement to include the word 'limited' or its alternatives
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If all is in order, the Register will issue a certificate of incorporation bearing the date of incorporation, the company's registered number and stating the company type
On incorporation, every company is allocated a registered number, this consists of one or more sequences of figures or letters. The Registrar has the power to change a company's registered number for a period of 3 years, the company may use either the old number or the new one on business letters and order forms