You have decided to form a company but you are not sure how many shares you need to issue. UK companies are started to make a profit for the shareholders who are the owners of the company. When forming a new company you will need to issue shares to at least one person. UK companies [...]
What is a registered office? A registered office is basically an address of a company registered with Companies House. It works as the official address of that company, organisation or the legal entity. This is the address where letters and reminders from Companies House are sent. The registered office can be in England and Wales, [...]
Many individuals working as sole traders and contractors have been forming limited companies to benefit from flexible tax planning. Operating as a company rather than a sole trader has several benefits that deserve consideration. Choosing to form a company rather than operate as a sole trader has been common practice for many years. As sole traders [...]
When starting a business, it’s not always possible to move straight into the perfect property or even any property. If you’re a consultant or a mail-order company, for example, the outlay of lease or buying offices or warehousing would outweigh the benefits. This will put pressure on your finances before you’ve even started. Using a [...]
Many companies start life with just one or two shareholders. This is typical for new company formations but you may find that the company needs to add new shareholders or change the share structure at a later date. If you find that your company needs to add one or more new shareholders there are two [...]
From 6th April 2016, it was a requirement for all UK Companies, LLP’s and social enterprises to keep a record of ‘People with Significant Control’ (PSC). UK Companies have to gather this information in preparation for filing an official register. UK companies aree required to record the information at Companies House from 30th June 2016. [...]
Unlike employees of a company, directors are required to file self-assessment tax returns to calculate and pay any income tax and national insurance contributions they owe. Company directors must register with HMRC for Self-Assessment before they can send their tax returns. When you are employed by a company your employer provides the information to HMRC. [...]
After its original announcement in 2014 the Small Business, Enterprise and Employment Act gained Royal Assent in March 2015. The scope of the Act is expansive and there will be significant changes to the laws behind corporate transparency, dispute resolution and statutory filing. Predominantly, the driving force behind the planned provisions is to increase trust [...]
In the UK a registered limited company must have one company director appointed at all times. It is a legal requirement to keep Companies House informed of any changes to officers. Directors must also update the company registers to show any changes. When forming a new company you provide the details of the first company [...]
When starting your own business you may ask yourself do I want to register a new company or should I buy a ready-made company? Ready-made companies can often be referred to as a ‘shelf company’. This is essentially a company which is pre-registered at Companies House. They have had no previous trading activity and has [...]
