Ryan Patrick

With a business idea in mind, the question of how to reserve a company name in the UK may linger in your mind often. But what is reserving a company name? It means registering a non-trading Limited Company at Companies House. To reserve a company name, you must form a

Are you employed in the UK and wish to start a business? Launching a new business can be an uphill task, but proper information on how to do it makes it a walk in the park. You can bid your day job goodbye and start working as a sole trader.

All companies incorporated in the UK are mandated by law to keep several statutory company registers at their registered office. These registers (Statutory books) are kept at the company's Single Alternative Inspection Location (SAIL address) or the Companies House. These statutory books must be maintained for as long as the

Under the Companies Act 2006, all companies formed in the UK need a memorandum and articles of association. The rule also applies to companies included in previous Companies Acts. As a company owner, you should have a company memorandum and articles of association if your business is incorporated. However, if

When forming a company, you must submit multiple addresses to the registrar of companies. With time, you should change these addresses for reasons that are known to you. What is the process of updating your company address at the Companies House? You need to know the different addresses Companies House

Almost all private limited company names must have 'Limited' or 'Ltd'. Limited companies can trade with the official registered name or use a different business name. However, Welsh companies with a registered office in Wales must have Limited or Ltd after the business name unless EXEMPTED. The question of whether

As a self-employed individual in the UK, registering for self-assessment is very important in ensuring your tax affairs are in order. Also if you earn an income apart from your regular employment, you need to register for self-assessment. Freelancers, sole traders, self-employed, and sometimes directors of companies who earn outside

While the shareholders own the company and the executive directors see to the daily affairs of the company, what do the non-executive directors do? In recent years, the importance and the value of non-executive directors within the UK has significantly increased. Most companies are now appointing non-executive directors because of

After registering a company in the United Kingdom, there are some reports you have to send to the Companies House and HMRC every year. These annual reports are legally backed up and must be met by all companies in the United Kingdom or else the company will face sanctions from

When you come across company formation articles, you'll find the words shareholders, directors and persons with significant control (PSC). But you might also come across the term subscribers. In this article, we'll talk about everything you need to know about company subscribers. Let's get started Who is a Company Subscriber?

Limited Companies just like every other company make decisions that are crucial to the smooth running of the business. While some decisions are minimally sensitive and can be taken by the directors of the company as assigned to them, others are moderately and highly sensitive and must be reported to

At some point or the other in the course of running your business, you might need some financial assistance. There are banks, creditors and other financial institutions out there that are willing to offer loans to small and large businesses. Once you’re able to meet some criteria with these

Ever wondered what shell companies are? They have a unique business structure without business operations. They are legally used by several big companies and individuals to hold assets, finances, and properties. Beyond that, shell companies are being used for some illegal acts like money laundering. It is worth understanding what

If you are a business owner, entrepreneur, or professional in the UK, understanding several business structures is crucial to making better-informed business decisions. Limited Liability Partnership is one of the legal business structures that you can form and run within the UK. Often referred to as LLP, the business structure

Sequel to the formation of your new company, it is crucial to hold the official first board meeting. This is because the meeting sets the pace for the directors to understand their duties and how they'll efficiently run the business. Apart from that, it is during this first meeting that

Closing a limited company can be a straightforward process or a more complicated issue requiring expert advice and support, depending on the specifics of the organization. In light of this, we have compiled all the pertinent details regarding the various approaches you can use to dissolve up a limited company,

A reduction of share capital is the process by which a firm chooses to lower its share capital. To put it plainly, a reduction in share capital occurs when a business has less money available to pay dividends to its owners. There are several reasons to do this, including cutting

There are a ton of fascinating and cutting-edge business prospects coming up in 2024. Take into consideration one of these 15 company ideas if you’re seeking for your next endeavour. There is something for everyone, from Food Delivery to App Development businesses. To find out more about each suggestion

Financial management is a crucial aspect of entrepreneurship, and being able to navigate the complex nature of accounting can be challenging for those new to running a business. Aside from the regulatory obligations to bodies like HMRC and Companies House, one integral requirement often overlooked by business owners is registering

The UK has a large number of charities, around 200,000 in total, of which about 169,000 are based in England and Wales. If you're considering following this path to become a philanthropist and make a positive impact on people's lives, this guide breaks down the process of starting

When registering a business, you must choose which type of company you will register, from a sole trader to a private limited company. Although there are different types of companies in the UK business structure, private company limited is one of the most used types. The Federation of Small Business

A confirmation statement or the Companies House form CS01 is a business document containing essential information on management, the company's activities, and ownership. Whether your company is trading or dormant, you must file the confirmation statement yearly by the limited liability partnerships and limited companies. This statutory filing was introduced

As a small business owner, you must spend your money smartly, especially when starting, because your resources are tight, and you must keep the venture afloat. Cutting the budget is necessary, and small businesses may seek innovative ways to do it without interrupting operations. Traditional ways of cutting costs, such

A correspondence or a service address in an official address that business directors, secretaries, or people with significant control must have when appointed to work in a UK company. The directors use these service addresses to receive legal notices and statutory mail from the HMRC or Companies House. These address

When starting a limited company in the UK, you will find some terminologies you have never known. One is related to addresses you must provide during your company incorporation at Companies House. Giving the wrong address may cause errors affecting the mail reaching its destination at the right time—so