What is Certificate of Incorporation?
Posted on 15th March 2021 at 16:17
Certificate of Incorporation
When a business owner decides to create or incorporate a company for their business, they will receive a ‘Certificate of Incorporation’ once the company has been formed. The certificate is a legal record of the company being incorporated.
When and who requires a Certificate of Incorporation?
Any person that wants to create a legal entity to operate their business will receive a certificate of incorporation once the company has been formed. The certificate of incorporation demonstrates that the business is controlled by a registered company and not a sole trader or partnership. It offers personal liability protection for the business owners. To incorporate a registered company the business person will need to apply to Companies House first to ensure the chosen name is acceptable. Once accepted the company can be formed and the business owners will normally then be the principal shareholders of the registered legal entity and also its directors.
The Certificate of Incorporation is then required for a number of procedures including:
File for a corporate bank account
File tax returns
Begin to hire employees for the company
Can apply for permits and licenses
The Certificate of Incorporation shows the name of your company, its registered number and the date it was incorporated. It also shows the type of company you have set up and where your registered office is located.
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