≡ Menu

Guides on Limited Companies, Sole Traders and Partnerships

One of the first things you need to consider before starting up is whether to register as a sole trader (or partnership), or set up a limited company. There are significant differences between the two types of business structure.
[continue reading…]

A dormant limited company is simply one which is not trading. The company may never have traded before, or may have ceased trading for any number of reasons, without being shut down. Dormant company directors have a number of responsibilities to fulfil to comply with Companies House rules.
[continue reading…]

Shares can be transferred in many ways. If you are transferring shares in a listed company, then you (or your broker) will generally use an un-certificated system such as CREST. However for a private company, the more normal instrument is a stock transfer form.
[continue reading…]

When choosing a suggested name for your limited company, you must steer clear of a number of words deemed to be ‘sensitive’ by Companies House, as they may mislead others, cause confusion or offence.
[continue reading…]

By law, every limited company must have a registered office – a physical location where communications from Companies House and other formal post can be delivered.
[continue reading…]

Since the implementation of the Companies Act 2006, private limited companies are no longer legally obliged to appoint a company secretary, although they may still decide to do so.
[continue reading…]

If you want to set up a new limited company, you will need to have various pieces of information to hand in order to complete the incorporation process.
[continue reading…]

The start of a New Year is often the push aspiring business owners need to set up a new company. With the number of new company registrations typically higher in the first quarter of each year than any other, 2013 may set new records as the economy slowly crawls out of recession.
[continue reading…]

First introduced in 2005, Community Interest Companies are limited companies run for the benefit of the community, not merely for profit. CICs are regulated via a ‘community interest test’ and ‘asset lock’ to ensure that they are run appropriately.
[continue reading…]

SIC (Standard Industrial Classification of Economic Activities) codes are used by Companies House to group companies by the type of business activities they carry out. New company SIC codes took effect from 1st October 2011.
[continue reading…]

The Companies Act 2006 has codified rules which govern where and when you must display your limited company details – both physically, and also when using electronic communications. The 2002 E-Commerce Regulations also contain rules for displaying company information online.
[continue reading…]

Following the implementation of the Companies Act 2006, all new limited companies must complete a statement of share capital to complete the incorporation process.
[continue reading…]

Since 1st October 2009, company directors can supply a ‘service address’ to Companies House as well as their residential address. To provide extra privacy to those who require it, only directors’ service addresses appear on the public record.
[continue reading…]

In this article, we look at the duties a company secretary will typically carry out, and whether or not a limited company needs to appoint a secretary.
[continue reading…]

When you become a director of a limited company, you are entrusted with a number of responsibilities and duties, to ensure that you run the company properly, and comply with company law and a wide range of rules and regulations which cover everything from paying your tax on time, to how you treat any employees.
[continue reading…]

If you want set up your own limited company, you need to decide whether to set up the company via your accountant, through an intermediary (such as a company formations firm), or apply online and do it yourself.
[continue reading…]