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Independents range in size from large publicly held companies to small proprietorships.Many independents are privately held small companies with less than 20 employees. The Independent Petroleum Association of America (IPAA) recorded in a 1998 survey that "a large percentage of independents are organized as C Corporations and S Corporations at 47.6% and 27.7%, respectively. A total of 91.4% of responding companies are classified as independent (versus integrated) for tax purposes. More than one fifth of responding companies reported their stock is publicly traded."

Independent producers derive investment capital from a variety of sources. A 1998 IPAA survey reports that 36.2% of capital is generated through internal sources followed by banks 27.8 % and outside investors (oil & gas partners) at 20.3 %.Supplying Future Energy NeedsThe U.S. Energy Information Administration (EIA) states in their Annual Energy Outlook 2007, "Despite the rapid growth projected for biofuels and other non-hydroelectric renewable energy sources and the expectation that orders will be placed for new nuclear power plants for the first time in more than 25 years, oil, coal, and natural gas still are projected to provide roughly the same 86-percent share of the total U.S. primary energy supply in 2030 that they did in 2005." In this report the EIA also predicts consistent growth in U.S. energy demand from 100.2 quadrillion Btu in 2005 to 131.2 quadrillion Btu in 2030.Maturing production areas in the lower 48 states and the need to respond to shareholder expectations have resulted in major integrated petroleum companies shifting their exploration and production focus toward the offshore in the United States and in foreign countries. Independent oil and gas producers increasingly account for a larger percentage of domestic production in the near offshore and lower 48 states. Independent producers' share of lower 48 states petroleum production increased form 45 percent in the 1980's to more than 60 percent by 1995. Today the IPAA reports that independent producers develop 90 percent of domestic oil and gas wells, produce 68 percent of domestic oil and produce 82 percent of domestic gas. Clearly, they are vital to meeting our future energy needs.

Any company that is being newly incorporated involves tremendous planning and has to go through various complicated processes and phases that are responsible for building a sound business foundation. This entire process that involves its incorporation is called Company Formation or Company Registration.The laws in the UK and a number of other international laws view the company that is being incorporated as a separate entity, different from the person who has started it or who owns it. Many different types of companies are incorporated in the UK each day, like public limited company, private limited company, unlimited company, limited liability partnership, limited partnership, royal charter, community interest company and many more. All these companies have to go through the process of company formation.

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