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⍰ ASK What are the key steps involved in incorporating a company in the UK?

Starting a company in the UK involves a few important steps. First, pick a good name that follows the rules from Companies House. Then, decide on the type of business you want like a limited liability company or a sole trader.

After that, you need to make some documents about how your company will work, called the articles of association. Register your company with Companies House, giving them important info like your office address, who's in charge, and how the shares are divided. Also, submit a document called the memorandum of association, which explains your company's basic rules.

Once all that's done, open a business bank account. If needed, sign up for taxes like VAT and corporation tax. And don't forget to keep up with the paperwork, like yearly accounts and confirmation statements, to make sure your company stays legal. It can be helpful to get advice from professionals during this process to make things easier in the UK business world.
 

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