The government has announced its Red Tape Challenge will enter the next phase with a new consultation.
Over 120 company law regulations, guidance and enforcement processes that businesses have to deal with will be addressed over the next three weeks.
Views will be received from firms of all sizes in order to establish where there is room for improvement, simplification, or if it is necessary to remove some of them completely.
Business minister Edward Davey claimed this is an effective means of looking at measures such as auditory procedures.
"The Red Tape Challenge is a great way for the public and firms to tell us what is a nuisance or gets in the way of doing business effectively," he remarked.
This may be a popular move with some trade bodies, as chief economist for the British Chambers of Commerce David Kern recently called for more aggressive cuts to be made to red tape in order to boost growth.