Ryan Patrick

Creating an invoice is a vital part of running a UK limited company. Every time you complete a payment period, you must submit an invoice to your clients before they make payment. The primary reason why most limited companies fail in the UK is a result of bad cash flow

Every successful business once started as an idea that bloomed into a big company. Some entrepreneurs are gifted in generating ideas, while most of them struggle. Without a unique idea, starting a business can be tricky. You may also have ideas, but what guarantees your new business ideas will succeed?

A business premise is a brick-and-mortar establishment your company calls home. After company formation, choosing the ideal business premise is exciting yet daunting, whether setting it up for the first time or moving the business premises. There is a lot to weigh before deciding and committing yourself to where you

After forming a limited company in the United Kingdom, you must appoint a director who makes business-critical decisions. The director also approves expenditures and oversees audits and employee performance. But what happens when the director is not around? That's where a shadow director takes directors' roles. However, the roles of

Every Limited Company in the UK is required by law to provide a registered office address during incorporation. A registered address is a physical address that must remain as long as the business is in operation. The address must be actual, as it’s used by Companies House, HMRC, and

As a business owner making international payments, you need IBAN to make payments within Europe. But what exactly is an IBAN? How is it structured? What is its purpose? This blog explains everything you need about IBAN's structure and where to get an IBAN account. What's IBAN? An IBAN means

Whether you are an employer, are employed, or own a small business in the UK, you must fulfil your tax obligations and pay National Insurance contributions. National Insurance is a monthly tax deducted from an employee's salary. However, National Insurance contributions for limited companies are more complicated, and this complexity

Dealing with international trade and customs can be complex, but understanding EORI numbers can simplify the process, ensuring seamless transactions. Whether a beginner or a trader seeking to expand internationally, you must have an EORI number when trading within the UK and European Union. So, if you want to embrace

Upon registration, the Companies House assigns all limited companies to the UK company authentication code. Whether you register your company online or through paper documents, you will receive your company authentication code. This article will unearth everything you must know about limited company authentication codes. What is the Company Authentication

A company number is different from a tax number. Understanding each number and its purpose will help you avoid confusing one for the other. The company number is a Company Registration Number (CRN). After incorporation, Companies House issues a CRN, which is unique to each company. The CRN is displayed

Companies limited by shares have multiple owners who divide the company into portions. These portions are known as shares and the people Shareholders. A company that an individual owns has a single share, and the shareholder owns and controls the company 100%. For companies with multiple shares, each share is

Searching for a company’s status is a crucial step in gathering information on the company’s standing. You may be a curious job seeker, potential investor, or curiosity to find information. There’s a field dedicated to company status on the Company’s House register. A company’s status

According to research from the Bureau of Statistics, 20% of businesses fail in their first year in the United States. This percentage doubles up in their second year and over 50% of businesses fail in their first five years. Entrepreneurship is admirable from afar but in reality, it is unarguably

Are you thinking of starting a new business and wondering how Value Added Tax Works? Did you recently move to the United Kingdom, and you want to track your expenses, including the tax added to each item purchased? You're on the right blog. In this article, you will understand the

Once you form a business in the UK, you cross paths with HMRC and Companies House often. But what are they? What roles do they play in the business world? Whether you intend to set up a company in the UK or you're already established, you need to know the

Do you want to sell your products on an e-commerce website and wonder where to start? An eBay business account is a great choice because eBay is one of the most recognised e-commerce platforms. In the second quarter of 2019, the platform had 182 million active buyers and over 1.

A Government Gateway account is a vital online platform, that provides UK companies and individuals access to various government services. After registration, you will receive an ID and password. This platform is a secure login facility that allows you to access services provided by government agencies like HMRC. Do you

The name you use when registering your company with Companies House is your official business name or company name. However, you don't have to use your business name as the trading name. Some companies in the UK use multiple customer-facing names with less than one official business name registered with

In the UK, some Sensitive words and expressions need APPROVAL before they’re included in a company name or an LLP name. These words are regulated because they have the potential to mislead, cause confusion, or harm the public when misused. Regardless of the type of business you intend to

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