FORMING A COMPANY IN ENGLAND & WALES

Relevant Law

Companies Act 1985

Companies Act 1985

WHAT IS A COMPANY?

A Company is an independent legal body with its own legal identity which stands of its own right and is created by incorporation at Companies House. Think of it as having its own personality. On incorporation, the Company gets its own identity, complete with a Company registration number. Since it has its own legal identity a Company can, in its own name, undertake such activities as buying property, entering into contracts, and litigation in the Company name. The profits, losses, assets and liabilities belong to the Company.