PSC

What are corporate appointments?

All UK limited companies must have at least one director, one shareholder and one person with significant control (PSC). All these roles can be taken by one person, however - as well being able to appoint other people, you can also appoint other companies in roles too.

Updates to the company formation process: PSC and SIC

This month sees two important updates to the UK limited company formation process; the addition of a ‘People with Significant Control’ (PSC) section and the addition of a 'Standard Industrial Classification' (SIC) section. Let’s take a look at what this means for you when forming a company.

Everything you need to know about ‘People with Significant Control (PSC)’ and the Confirmation Statement

Since April 2016 all UK limited companies and limited liability partnerships should be keeping a Register of People with Significant Control (PSC) in the company. This information should then be included in the Confirmation Statement - which has now replaced the Annual Return.