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 [...]
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. [...]
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 [...]
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 [...]
