Business terms and jargon explained. Your business dictionary

What is UK Business Registration

A company must registers itself at Company House. Once a business is registered in the UK it can do anything legal to make money, subject to its Articles of Association.

A company is a separate legal entity which can conduct business. It has its own tax regime and is governed by the Companies Act. To set up a company you will need

• a company name
• a company address
• a director
• shareholders (these can be the directors but do not need to be).

Once a company has been registered it will be required to keep books and records. It will be issued with a company number and a certificate of incorporation. The business will need a bank account and may be required to register for VAT. 

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Term created / updated 2006-10-04 01:41:00

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