Today the majority companies are formed the same day, thanks to advanced technology. The internet has made it possible for people to form their organizations online. Companies can be formed by individuals, specialized agents, solicitors or accountants. Many solicitors and accountants also subcontract incorporation out to specialized company formation agents. They are professionals who help business men to get to their core trade instead of being hassled by unnecessary paper work- Thus making business formation an easier task. It allows one to legally trade worldwide.

Most of the agents offer company formation packages for a very low price, just about the cost of carrying out paper filing with the authorities. This fee does not include the cost of witnessing documents or preparation of memorandum and articles of association for the company which would usually be carried out by a solicitor or accountant. Forming a company via the paper filing method can take up to four weeks.

Apart from the articles of association, other important documents required for the company formation are Form 10 and Form 12, which give detailed explanations of directors, secretary and intended address of the registered office. As well as their names and addresses, the company's directors must give their date of birth, occupation and details of other directorships they have held within the last five years. Each officer appointed and each subscriber must sign and date the form. Form 12 is a declaration of compliance with all the legal requirements relating to the incorporation of a company. It must be signed by a solicitor who is forming the company, or by one of the people named as a director or company secretary on Form 10.

There is wide use of electronic process using compatible software that works with the Companies House e-filing service] and an account with Companies House. Company formation agents have direct links into Companies House, to look up the company name, and submit the company. Different agents have differences in their processes caused by their website and software implementation. Companies House has a list of company formation agents that have passed integration testing.

There are different types of legal business formations, some of which include a public limited company, a private company limited by way of shares, company limited by guarantee, unlimited company, limited liability partnership, limited partnership, societas europaea – an EU wide company structure, community interest company and European economic interest grouping.

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