There are various types of business organizations; company is one of them. The rules and regulations of company formation are different in different countries. Some common forms of companies are corporation, proprietorship, partnership, trust, joint venture and association etc. The rules of ownership and liabilities vary according to the type of the company. A company is a registered unit of people according to the policies and rules of the Govt. under the same name working for a common objective. The rules and requirements for the formation of profit and non profit companies vary.

Individuals and groups of people can create companies according to the company formation rules. The nature of their work depends on the type of the company because they can be manufacturing units, trading units or some other kind of unit. In past companies were created on papers and traditional documentations were completed before the formation of the companies. In this world of technology, company formation has become an easy task and it can be formed electronically.

Paper process for the formation of company is little bit complex because one has to fulfill many terms and conditions. In the process of company formation the owner or individual has to submit many documents to register it. An individual has to submit a Memorandum of Association which describes the name and address of the company. It mentions the business of the company. This document is delivered to the registrar in front of a witness signed by the subscriber.

Articles of Association is another important document which describes the rules for running the internal affairs of the company. It is also submitted by the subscriber in front of a witness. Form 10 is also an important document in the process of company formation. In this document details of directors and secretary are provided. The address of the office, names and addresses of company directors, their date of birth, their occupation and last five years’ experience is provided in detail.

Form 12 is the declaration of compliance with all the legal requirements in company formation. It must be signed by the owner or one of the directors mentioned in Form 10. It is signed in the presence of oath commissioner, witnesses and a notary public. In electronic process of company formation there is no need of form 12. The electronic way is an easy and speedy process. If you want to form a company electronically then you need software compatible with the companies’ house or an account with companies’ house. Moreover you can get help from an agent for the process. These agents have complete knowledge of the process and can prepare the documents well in time.

You can use paper method or electronic process for company formation. It does not matter that you are registering your first company or another. You should have complete knowledge of the process and its requirements. You can get information about the process from electronic media. Some people register only the names of the company and don’t develop it in original. Whatever your requirements are you can register your company easily in both ways.