Fill in the gaps with the given words.
file; set up; force; members; director; secretary; Constitution; Memorandum; Registrar; subscribers; Articles; shareholder; House; Act;
Incorporating a company
Before your business can begin operating as a limited company, it has to be registered with the
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of Companies - Companies
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. This is known as incorporation - the process by which a new or existing business is converted into a corporate body.
You’ll need: a suitable company name, an address for the company, at least one
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to run the company, details of the company’s shares - you need at least one
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, to check what your SIC (Standard industrial classification of economic activities) code is - this identifies what your company does.
The Companies
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2006, which came into
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in stages from January 2007 to October 2009, introduced a number of changes that affected both directors and shareholders of limited companies.
To
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as a limited company in the UK, you - or the agent acting for you - will need to
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several documents and completed forms with Companies House, or, in Northern Ireland, with the Companies Registry for Northern Ireland:
1.
a
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of Association, a statement that the
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wish to form a company, agree to become
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and, where the company is to have a share capital, to take at least one share each;
2.
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of Association, written rules about running the company agreed by the shareholders, directors and the company
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.
The memorandum is now crucial to registering a company, but after that it no longer is "living" document, constituting a part of the Company
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.