Ryan Patrick

YES, you can borrow money from your limited company. A director can borrow money from their limited company from time to time. However, you must keep accurate and up-to-date records of such transactions in a director's loan account. Regardless of how much money you want to borrow, it's essential to

Are you looking for side gigs for men that will fit your interests and skill set and increase your income as well? No need to search further. Discovering the ideal side work can be a rewarding and profitable endeavour, providing an opportunity to pursue new interests or deepen current ones.

You might be thinking about what kind of business you can start with £50,000 if you recently got rich and want to leave the 9–5 job. There are plenty of good possibilities for various types of people out there, and the majority of the time it comes down

The tales of entrepreneurs who began with nothing and worked their way up are educational and inspirational in the realm of business. These stories not only depict the classic “rags to riches” tale, but they also impart important lessons about tenacity, resourcefulness, and foresight. In this blog post,  Incorpuk explores

Every limited company in the UK must have an Articles of Association before their company registration application. The Articles of Association is one of the most important needs when applying to incorporate a company and without it, a company cannot proceed with application or registration. What is an Article of

Health is one of the major priorities of humans and for many decades now, people have been trying to seek solutions to their health problems and also looking forward to improving their health by certain strategies. Health and wellness which has been in existence for a long time found a

Maternity benefits are always available to women who go through maternity leave in the UK. Although the benefits solely depend on your position at your company. It also depends on the type of maternity benefit you're claiming. There are two different types of maternity benefits available for workers in the

Subscription boxes are a type of order that reoccurs for a specific period and gets delivered automatically to your doorstep. The subscription box can contain a variety of products, depending on the preference of the person ordering the boxes. Since COVID, the rate of shopping with subscription boxes has increased

The United Kingdom encourages entrepreneurship and has a very vast economy. As entrepreneurs who want to start a business, whether you are a resident or foreigner, as long as you follow the legal procedures necessary for starting a business in the UK, you can successfully have your business established in

A Limited Liability Partnership (LLP) is a type of business model that includes 2 or more partners. Before an LLP can be incorporated, there must be an agreement between the partners concerning the terms of the business, this agreement is called 'The Limited Liability Partnership (LLP) Agreement'. This agreement as

If you are a business owner, entrepreneur or freelancer, it is important to understand what double taxation is. While it is not every business that is double taxed, understanding how it works and the conditions that could warrant being double taxed is necessary. Double taxation simply implies being taxed on

As an employer within the UK, you are legally required to provide some form of Sick pay to your employees whenever they are sick and off from work. Statutory Sick Pay (SSP) are mandatory for you and must be paid within a stipulated period if the worker is eligible for

Closing a Limited Company involves going through some legal obligations, processes and procedures. The process could be quite simple or in some cases complex depending on the methods of closing up and the condition of the company. It is thus important to understand the approaches and methods of winding up

With the ever-increasing economic development within the UK, many individuals are now starting a business. If you are considering starting a business soon, whether your business will be product or service-based,  one of the key steps you should be thinking about is the registration of a company. Company registration is

If you are preparing to start a business within the UK, one of the key decisions you’ll need to make is to choose the company's legal structure. While there are several business legal structures you can choose to set up, limited company and limited liability partnership remains one of

Selling on Amazon is open to anyone: a sole trader or a limited company, but there are some products you can’t sell on the platform. Most of the UK population shops online, making Amazon a leading platform to sell goods in the country. As a sole trader or limited

Amazon is now the most significant global online marketplace, selling everything under the sun and is open to anyone looking to take their business to the next level. The platform is convenient, so millions buy and sell products daily, making it the go-to place. Amazon offers tremendous opportunities for sellers

Anyone who wants to invest in the UK can do so since there’s a wide range of investment opportunities, from low-risk bonds to high-risk. Whether you want growth, income, or both in the UK, different investments suit any goal and the appetite for risks. However, some investment ventures are

When your business profits start to roll in, it’s an exciting moment that calls for celebration. Once the celebration is over, it’s time to think of the best way to use these rewards. Like most entrepreneurs, saving the rewards will be your first thought. But is saving the

When a company reduces the outstanding shares by combining them to increase the face value, it is known as consolidation of shares or Reverse Stock split. Before the corporate strategy of consolidating shares, the company must notify the shareholders via email. The concept can be confusing for investors, especially when

In the UK, a single limited company can host multiple businesses. The parent company acts as an umbrella for the small businesses, but they have separate trading or brand names to distinguish them. Running multiple businesses under one company is a common approach by firms that want to expand and

Company formations can be rejected for various reasons, some simple mistakes that can be prevented by paying attention to detail. But first, what is company formation? Company formation is registering a business into a Limited Company at Companies House, The UK Registrar of Companies. Business owners can register a business

Starting a business and building it up is challenging, whether as a sole proprietor (alone) or with others, as a partnership. Doing business with one or several people is referred to as a partnership. Regardless of how many people are involved, there must be a clear understanding of how a

With the relatively high economic growth and business advancement happening within the UK, several individuals from different European countries establish their businesses every single year in the UK. While the process of incorporating a company is straightforward, it could be overwhelming if you don’t follow the proper guidance. As

As a business owner, invoices and receipts form an integral part of your finance management. While both documents aid sales recording and tracking, they are quite different documents. Invoices are essential in requesting for payments of goods and services delivered by a seller whereas a receipt is issued by a