What Is A Proprietorship?
The principle requirement of the UK's Companies House rules for the registration of a company is that the proprietor is the person who owns the company. If the proprietor is not the person who owns the company, the company cannot be registered. A document called a form P will have to be presented to Companies House by a person who wishes to be the proprietor of a company.
The "proscribed person" is the person who owns the company. The proprietor is the person who can be represented on this form. The "principal officer" is the person who has responsibility for the company, but who does not necessarily own it.
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Sole Proprietorship Registration
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Proprietorship Company Registration
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There are some specific personal circumstances that make it impossible for a proprietor to be able to sign the form. An individual must be over 18 years old and must be able to provide a valid residential address. Some of the other requirements are: a minimum salary of a certain amount a maximum income and a fixed tenure.
Registration will be accepted if a business is not for profit. It will also be accepted if a business is not an exempt society. This means that if a proprietor was to be unable to support the business they would have to find someone else to open the business for them.
Domicile of the proprietor. A company that is registered in the name of someone else can only be operated within the limited liability company. If it were to have an address outside of the UK then the person listed as the proprietor could be prosecuted.
The Principal Officer or Manager has responsibility for running the business but he is not the company itself. He is responsible for ensuring that the business runs properly. The purpose of the company formation is to create a business that is owned by the company and not by the proprietor. The proprietor is not required to pay the annual fees for the company unless they are being paid to use the company as their own.
Registration is only possible if the property is a dwelling and the owner of the proscribed person is the sole proprietor. A sole proprietor cannot sign the form, to give them control of the company.
This form is only needed if the company is going to be set up as a legal entity. It should not be used if it is just for personal purposes, even if there is a real business that will be carried out.
The filing of a company is necessary if the company is going to be set up as a company with a registered office. The company must be set up with a registered office address and will be responsible for paying all of the annual taxes that are required for the company. This form will be submitted to Companies House by the solicitor who is acting as a director of the company.
In addition to being an authorised person who can represent the company on the form, this is the person who will be responsible for paying off all debts of the company. They are also responsible for approving any financial transactions of the company.
A person who does not have their name registered in the name of the company cannot register the company's name. The individual must appoint a solicitor to act on their behalf. When the company has been registered the solicitor will sign the form.
In order to be able to register the proprietor, they must be a person who can pay all of the required annual fees. It is important to make sure that the company is not being created to be able to use the proprietor as a sole proprietor. This form should not be a mere formality and should be completed with a very detailed explanation of the proprietor's responsibilities.
