Starting your own business can be a tricky job, especially if you are not familiar with the laws and regulations.
You can hire a good lawyer, who will explain to you the guidelines for setting up your business properly, in accordance with all applicable laws.
But, if you want to avoid the hassles, you should hire a reputed company formation agent.
He/she will take care of all the formalities that need to be completed before you can start running your business.
A good company formation agent will take care of the following: 1.
Helping you to choose the name: The company formation agent will help you to choose a unique name for your company so that it is acceptable to the registration agency.
If required, the agent will also do an extensive research to let you know whether your chosen name is available for registration.
2.
Completing the paperwork: The agent will help you fill out the relevant forms at the agency office.
He/she will also assist you while creating the Memorandum of Association and the Articles of Association.
There are certain formalities that have to be completed before a company can be launched.
The agent will help you with these as well.
3.
Taking it online: Some countries have provisions for carrying out company registration via websites.
A company formation agent will be able to help you to carry out the registration process online from the comfort of your home, if you wish to do so.
Even if the registration process is carried out online, some formalities will still have to be carried out at the registration office, and the agent can help you with that.
4.
Expanding overseas: Company formation agents keep track of company establishment rules in different countries.
Thus they can help you if you are looking to expand your business in foreign countries.
If these countries have online company registration procedures available, agents can help you register your company through that, right from the comfort of your living room.
All you have to call your agent and your expansion process will start.
Company formation agents have to study really hard in order to keep up with latest trends and updates made to laws regarding company formation in various countries.
They need to have an impressive educational background along with plenty of experience in order to impress their clients.
An LLB degree is always good to have, along with sound knowledge of commerce laws.
Some agents even opt for MBA in order to add extra appeal to their portfolio.
The service provided by agents is not cheap.
But the way they can simplify the company formation process and take the hassle out of the whole thing make it all worth it.