In recent days, some businesses have decided to change business accounts either due to transactional reasons or personal reasons. For both, these businesses have to be exposed to the appropriate and complete information about how to switch business accounts in the UK and some relevant information about switching these accounts

A certificate of good standing (COGS) is a document that proves your business is compliant with Companies House regulations, demonstrating its active and legitimate status. Your limited company usually won't need this certificate, but you must have it occasionally. Stick around as we explore and explain everything you must know

A Master Service agreement (MSA) keeps business running consistently from one project to another. The negotiations can be complex and time-consuming when partnering with another business, supplier, or client. However, an MSA becomes a comprehensive agreement that binds your collaborative efforts together to ensure maximum efficiency. Incorpuk in this guide,

Directors, shareholders, and PSCs (people with significant control) play big roles in UK limited companies. These officials have different roles and carry a certain percentage of responsibility. A company may appoint different individuals for each role. However, these individuals often hold more than one role in a company. For example,

When setting up a limited company, you must submit several addresses to Companies House. Some appear on the public register, including the company's registered office. A company without a commercial office address may opt to give an accountant's address as the company's registered office. Although this address protects the owner's

Retirement planning is vital for every director working in the UK. One of the most significant ways of retirement planning is director pension contributions. As a director, you can make pension payments through your limited company or into a private pension from earnings and enjoy significant tax savings. This guide

The employers' liability insurance covers your company if a worker claims work-related illness or injury. The cover is a law requirement which UK companies must adhere to. Many contractors ask if they need this cover, and Incorpuk will answer this question. This guide covers what employer liability insurance is, its

No specific statutory provision under the model articles can force shareholders to sell their company shares. However, certain circumstances may result in the removal of the shareholder. Forcing a shareholder out of the company can be tricky, but you can achieve this in several ways. This blog discusses how to

To complete a company incorporation process, the business must have a director, a shareholder, and a person with significant control. However, Is there a minimum age for a company shareholder? No statutory provision restricts shares to be held by a child under 18 years in companies registered under the Companies

Employing staff in your new limited company is a big step for your business. Having one or more employees within the company could help increase productivity and output, boost efficiency and help the company develop in general. However, certain legal obligations must be carried out once you are taking this

As a business owner, you are responsible for ensuring that the health and safety of your employees and other stakeholders of your company is preserved. With that, you must provide effective management practices to help protect the health, safety and well-being of the people. More so, there are a lot

Starting a side business while working a full-time job is helpful in a lot of ways. While some individuals set up a side business to boost their financial income and stability, others do it to explore new opportunities, get a new skill and improve their creativity. Beginning a new business

Apart from the director, another important officer of the company responsible for maintaining the smooth running of the day-to-day activities of the company is the company secretary. Secretaries within the company are responsible for carrying out administrative tasks, ensuring effective communication among shareholders and directors, complying with the requirements of

As so many companies move their business activities to the online world, the demand for video content is increasing more than ever before. So with that, many individuals are venturing into the video production world to meet these needs. If you are wondering how you can start a video production

Whether you are a new startup company or you are looking forward to expanding your business, a company bank account is what you will need. While a company bank account could offer your organization a lot of benefits, it is important that you choose the right one to enjoy these

Small business owners, like any other business, must pay various taxes, such as goods and services tax (GST), income tax, corporate tax, and capital gains tax. Unlike some other taxes, capital gains tax doesn't come up as frequently. It's only applicable when a business sells off valuable assets, like properties

A Scottish company is a company that was incorporated at the Companies House in Edinburgh and has a registered office address in Scotland in the UK. You can also create an English and Welsh company by incorporating a company at Companies House in Cardiff in the UK and the registered

Etsy is an online ecommerce platform that allows artists and craftsmen to sell the goods they make. This platform helps these artists to maintain their online store with no need to create a physical store for their goods. As an artist, consider setting up an Etsy store, either to sell

After the successful registration of a company, there are certain procedures you also have to go through to make your company start trading activities. Ranging from registering for taxes, receiving your UTR number and making sure your company has adhered to every rule of Companies House. Once your company registration

Employing an apprentice offers a valuable opportunity to discover and train fresh talent, enhance the skills of current staff, and cultivate a capable workforce for your company's specific requirements. An apprenticeship represents a form of paid job training that relates hands-on experience with academic study aimed at achieving a recognized

Shareholders are important members of a limited company. During incorporation, every limited company must provide at least one shareholder before the company can be incorporated by the Companies House. After incorporation of the company, there may be a need to add shareholders in the company as well as remove shareholders

Employing new staff means your company is growing and improving but even as easy as it is, the paperwork can be a little hectic. As an employer, it is very important to keep track of your employees and all their taxes as long as they work with you and when

Starting a business is a very great way of starting a business with a low income. This is a good idea for entrepreneurs who are looking to start businesses and they do not know how to go about it. They just have to get their little capital available for branding

Private Limited Companies within the UK issue shares to shareholders. When new shares are offered by a company or when there are transfer of shares, existing company shareholders have some certain right over these shares. Usually, the current shareholders of the company have the opportunity to take the new shares

A confirmation statement (Form CS01) is filed at Companies House by all UK-registered companies, including the dormant entities. It's a significant document summarising a company's core features like the registered office address and director's information. Form CS01 was introduced on June 30, 2016, replacing the annual return yet serving the