Limited Company

Sole trader vs limited company: Which is the best option for you?

How you decide to structure your new business will have a significant impact on how your venture operates and how much tax you’ll need to pay – not to mention how it is perceived by potential clients. There are three main options: becoming a sole trader, entering a limited liability partnership, or registering a limited company.

How to pay yourself from a Limited Company

You are entitled to various benefits and perks as a limited company director. One of the most valuable perks is being in charge of your salary.

How do I let Companies House know that a Share Transfer has taken place?

The only way to notify Companies House about a change in your limited company’s shareholding situation is to file a confirmation statement. Whilst the J30 stock transfer form/s should be completed and kept when the transfers take place, the confirmation statement is the actual method used to let Companies House know about the change.

Making a Corporate Appointment: Governing Law and Legal Form

When forming a limited company it’s possible to have another company acting as any of the following: director, shareholder, person with significant control (PSC), and secretary. These are called ‘corporate appointments’.

How many people do I need to form a company?

Are you in the process of becoming a ltd company? It's worth knowing that you can register a UK limited by shares company with just one person.

Should you be a sole trader or a limited company?

When it comes to going self-employed, one of the first big decisions you’ll need to make is whether you should set up as a sole trader or a limited company. Both structures have their pros and cons, of course, and you may even find that you’ll operate within either over the course of your business life.

3 Reasons Why Company Formation Applications Get Rejected

Registering a limited company is extremely simple. However, sometimes applications are rejected by Companies House (don’t worry; if you are forming with us you can resubmit the application for no extra charge).

What is the Companies House PROOF service?

Last Updated: 25/03/2021 The PROOF (PROtected Online Filing) scheme is a free service provided by Companies House that helps protect your company from fraud. Registering your company for PROOF means that Companies House stop accepting paper forms (appointment changes, change of registered office, company name change etc) for your company.

What you need to know before opening your coffee shop

Move over, Starbucks! Independent coffee shops are back on the rise, and ready to challenge the big brand monopolies.

Shareholders and Subscribers: What’s the difference?

A short one for you all today: What’s the difference between a shareholder and a subscriber? Well there’s not much difference at all.

Company Formation Process: What is a Section 243 Exemption?

The “Section 243 Exemption” is a term you will come across when appointing a limited company director via the AP01 form (online or through paper documentation). A 243 exemption means the proposed director’s residential address will not be disclosed to any credit reference agencies.

The Companies House status says my company is ‘Active’ – what does this mean?

When you form a limited company your company is placed on the Companies House register (Companies House are the UK’s registrar of companies). In this post we’re going to look at the ‘Status’ field on the register and explain why your company may have an ‘Active’ status.