Company incorporation is the process of legally establishing a business entity as a separate legal entity from its owners, allowing it to conduct business activities.

Common types include Private Limited Company, Limited Liability Partnership (LLP), One Person Company (OPC), Sole Proprietorship, and Public Limited Company.

Requirements typically include choosing a unique company name, defining the company’s objectives, appointing directors or partners, and preparing the company’s articles of association.

Benefits include limited liability protection for owners, access to funding opportunities, enhanced credibility with customers and suppliers, and potential tax benefits.

While it’s possible to incorporate a company independently, many businesses choose to enlist the help of professionals such as Chartered Accountants or incorporation services for guidance and expertise.

Ongoing compliance requirements include filing annual returns, maintaining statutory registers, complying with tax regulations, and adhering to corporate governance standards.

Yes, you can make changes to company details such as address, directors, or share structure through the process of filing appropriate forms with the relevant authorities.

Non-compliance can result in penalties, fines, or even legal action against the company and its directors. It’s essential to stay up-to-date with regulatory requirements to avoid such consequences.