Recording your meetings and company formation for your security

When people start a business together they are usually good friends and tend to think that they can trust each other no matter what. Although we all hope this turns out to be true it is a good idea to make a video recording of all your formal meetings that can be referred to later on in the event of any disputes. Another good idea is to register your new venture with Companies House as this will formalise the ownership of your business and provide other advantages such as limiting each director's financial liability. This used to be quite a lengthy procedure often involving solicitors which is why many people never bothered with it.

Nowadays it is possible to use an online agent for your company formation. After each of your firm's board meetings, every attendee can be sent a copy of the meeting on DVD and it is worth keeping an extra copy somewhere safe in case the others are lost or damaged. If you already have recordings on VHS tapes of such meetings, there are many online firms that can transfer these to DVD to make them easier to store and refer to. Before you start filling in the forms to incorporate your company you should ensure that you have all the details of each director to hand. This will make what is a simple process even faster, although if you find that you are missing some vital information you can save the application and complete it later.