What is an LLP? Limited Liability Partnerships (LLP's) are a legal format in which to run a business. They were introduced on 6 April 2001 after The Limited Liability Partnerships Act 2000 received Royal Assent on 20 July 2000. They were introduced to provide protected liability to partnerships that was previously only available as a [...]
Many business owners choose to operate their business as a ‘limited company’. Running a business as a company is a different legal format to running a business as a sole trader. So what is a limited company? A limited company is a separate legal entity to the owners and people operating the firm. It is [...]
If your company is registered in Scotland then it must always have a Scottish registered office address. It is not possible to simply switch the country of registration. The company cannot change form being registered in Scotland to being registered in England, Wales or Northern Ireland. We are often asked by customers if they can move [...]
It seems like every other week there is a new alert or warning that new Companies House and HMRC scams have been identified. So how do you protect your company? Scam emails, telephone calls, and even texts are increasing every day. Whether you are being asked to help some poor soul to transfer his millions, [...]
Having registered a new limited company most new business owners will look for an accountant to assist them in the preparation of end of year accounts, tax returns and financial statements. Whilst the accounting industry is regulated by several different bodies, this is no guarantee that all accountants will be suitable for your business. As [...]
When starting a company it is normally advisable to open a separate business bank account for processing your business transactions. This will make reconciling payments easier and will keep a clear divide between your personal money and the business money. Other business will also expect to pay your business name and not you personally. When making [...]
When registering a UK company you have several options when selecting the ‘ending’ of your company name.Should you choose Limited or LTD? This is a simple choice and we do not believe you should worry too much when deciding on your preference. The ending you choose forms part of your official company name and is [...]
Throughout the life of a Limited Liability Partnership there are several statutory filing requirements to consider. The LLP's document filing requirements are comparatively similar to those of a Limited by Shares Company. Both the Confirmation Statement and the annual accounts will need to be filed each year. In addition to the reporting requirements with Companies [...]
Realising you have made a mistake when forming your company may be frustrating. You can take solace in the fact that more often than not, these errors are easily remediable. We can tell you from experience that it is not uncommon for errors to be made when forming a company online. This guide will outline [...]
Are you looking for company formation and address service? Small Firms Services can provide both services at a discounted rate when purchased together. Use our online website www.simpleformations.com and order both your company formation and address service at the same time. This simplifies the process, ensure our address is recorded at Companies House at the time [...]
