Company Formation

UK Limited Companies vs. Sole Trader Businesses: A Comparative Guide

By |2024-01-10T17:07:02+00:00December 15th, 2023|Categories: Companies House, Company Formation, Tax|

In the UK, entrepreneurs have several options when it comes to structuring their business, with the most common being a 'Limited Company' and a 'Sole Trader' business. Understanding the differences between these two can be crucial for business owners in terms of tax implications, legal responsibilities, and operational flexibility. Limited Company: A [...]

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Understanding the Differences: Companies Limited by Shares vs. Companies Limited by Guarantee

By |2023-10-27T10:16:03+01:00October 26th, 2023|Categories: Companies House, Company Formation|

Navigating through the various business structures can be complex, and among the myriad options available, companies limited by shares and companies limited by guarantee stand out as two distinctive choices. Both structures offer limited liability to their members but operate under different principles and serve divergent purposes. This article delves into the fundamental differences between [...]

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Understanding the UK LLP Agreement: A Comprehensive Guide

By |2023-10-27T10:15:17+01:00September 14th, 2023|Categories: Companies House, Company Formation|

A Limited Liability Partnership (LLP) in the United Kingdom represents a unique form of business structure, blending elements of traditional partnerships and limited companies. This article delves into the intricacies of the UK LLP Agreement, outlining its essential components, benefits, and legal implications, providing a solid foundation for entrepreneurs and business owners considering this option. [...]

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Unravelling the Mystery: What is a UK Certificate of Incumbency?

By |2023-10-25T12:27:34+01:00August 19th, 2023|Categories: Companies House, Company Formation, Document Legalisation|

In the business world, establishing trust and credibility is paramount, especially when dealing with international transactions or partnerships. One document that plays a crucial role for UK businesses is the Certificate of Incumbency. But what exactly is this document, and why is it so important? This article aims to demystify the Certificate of Incumbency, explaining [...]

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Unlocking the Advantages: Why UK Companies Opt for a Registered Office

By |2023-10-24T17:04:01+01:00June 24th, 2023|Categories: Address Services, Companies House, Company Formation|

In the dynamic business environment of the United Kingdom, establishing a strong foundation is paramount for success. A crucial element in this process is deciding on a registered office for your company. This article delves into the myriad of benefits associated with utilising a registered office in the UK. Legal Compliance and Professional Image Legal [...]

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What SIC codes should I use?

By |2023-03-22T14:16:36+00:00March 13th, 2023|Categories: Company Formation|

When forming a UK Company, you will be requested to detail SIC (Standard Industry Codes) for the business. Companies House do provide a pre-set list of SIC codes which you must select from. You must select at least 1 code, and can have up to a maximum of 4 in place. We would recommend that [...]

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Sail Address – What Is A Single Alternative Inspection Location?

By |2022-08-30T08:59:43+01:00February 14th, 2019|Categories: Address Services, Companies House, Company Formation|

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 [...]

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What Is a Company Unique Taxpayer Reference (UTR) Number?

By |2022-08-30T08:59:44+01:00January 7th, 2019|Categories: Accounting, Company Formation, Document Filing, Tax|

When starting your own business there are many different numbers and codes your company will acquire and it can be difficult to remember which codes are used for different services. One of the most important numbers your company will receive is the Unique Taxpayer Reference (UTR). This code is issued by HMRC and consists of [...]

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Emergency or Disaster Recovery Planning

By |2022-08-30T08:59:44+01:00December 15th, 2018|Categories: Company Formation|

Have you considered how your business would cope in the event of unforeseen circumstances? Many business put very little thought into disaster planning believing that it won’t happen to them. Major weather occurrences or accidents could leave your business completely unable to trade. Imagine running your business with no power, phone service, internet, access to bank [...]

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What is an Accounting Reference Date?

By |2022-08-30T08:59:44+01:00October 17th, 2018|Categories: Accounting, Company Formation, Document Filing|

The accounting reference date is an important deadline that all Limited companies must be aware of. Knowing your accounting reference date will prevent your company from incurring financial penalties issued by Companies House. What is an accounting reference date? This is the end of the financial year for a Limited company and the dates their [...]

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