The economic crime and corporate transparency bill is designed to tackle the activity of using assets, money or finance to obtain a profit through unlawful methods and using data for fraudulent purposes. The bill will include regulations which will affect all types of corporate entities including Limited companies, Limited partnerships and the registration of overseas [...]
Limited Companies (LTDs) and LLPs are sent paper reminders during the year. This is typically to file your accounts and to submit the Confirmation Statement on time. Companies House have announced that they will no longer be sending paper reminders by post. Company directors have a legal responsibility to file documents at Companies House. Failure to [...]
The recent Coronavirus outbreak has had an effect on every company around the UK. While companies are furloughing staff, business owners have an increasing amount of administration they must undertake to apply for government loans and assistance. Companies House have recognised the increased burden this is placing on business owners and have introduced temporary measures [...]
It is highly likely you will need to file a change of shareholder at some point for your limited company. The need to change the shareholders can be for a variety of reasons. The existing shareholders may wish to sell all or part of their share in the business. Alternatively a shareholder may have passed [...]
During the lifetime of a limited company it is likely there will be a need to change its address on multiple occasions. It is important to ensure accurate records are maintained as the company address is used by government offices and customers to communicate with the business. During the process of an address change there [...]
It is a legal requirement for UK companies to make their company registers available for public inspection and for the address to be displayed on Companies House. The SAIL address is a Single Alternative Inspection Location and can be provided to Companies House as the location a UK limited company or LLP stores their company [...]
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 [...]
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 [...]
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 [...]
Most shareholders of UK limited companies need advice when making changes to the company structure or issuing a dividend. SFS provides a range of guides for limited companies to help owners of small businesses. Making adjustments to your company shares can be complicated and confusing. Re-structuring your company or simply recording the changes can seem [...]
