What is an SIC code?
At the time of incorporation a Limited company must inform Companies House of their intended business activities. This information is communicated to the government by selecting a Standard Industrial Classification code which is often referred to as an SIC code. All companies are legally required to provide this information even if they do not intend to begin trading immediately. There are [...]
Paying Stamp Duty When Transferring Company Shares
As of 13 March 2008, HMRC introduced new regulations which means any share transfers with a value of £1000 or more must pay stamp duty. The value of the transfer does not have to be a cash transaction, the value is based on the ‘chargeable consideration’ that is given for the shares. The chargeable consideration can be cash, other [...]
What Should You Know About Share Rights?
The ownership structure of a limited company is characterised by the distribution of its share capital. Two shareholders, for example, may hold 50 shares each out of 100 issued shares illustrating their equal 50% ownership. Each share class is assigned with rights, otherwise known as prescribed particulars. The rights outline the powers the respective shareholders have within the company. [...]
Mail Forwarding for Business
Supporting many small businesses we understand the need for a reliable mail forwarding service. Our business mail forwarding service is the perfect solution for home based businesses and small companies that require a professional mail address. We can handle your mail and forward this directly to you so that you can focus on running your business. Easy to set [...]
Get a Prestigious Registered Office Address
Are you a small business owner in search for a prestigious registered office address? A registered office address is very important for a UK business. Government agencies send all official notices to the registered address of a company. Having an effective address for communication plays a crucial role. It not only boosts the image of the business but [...]
Low-Cost London Virtual Office Address
Low-cost virtual office services are important for small business or people starting a new company. We offer a fixed price, cheap virtual address in London for small business that needs a professional address. One annual fee allows you a set number of items to be forwarded to you each year. Using our address keeps your personal address private. You [...]