Credit is a company’s lifeblood in today’s business world. While a low credit score can keep doors of opportunities closed, a high credit score can lead to new opportunities. As a business owner, you need to be aware of and take care of your credit score. This comprehensive

Obtaining capital is usually the most important factor in every business venture since it provides the necessary driving force to turn entrepreneurial ideas into reality. Navigating the numerous funding sources in the ever-changing UK business ecosystem can be difficult but essential to success. Seeking financial support necessitates a thorough comprehension

In a business world full of competition, safeguarding confidential company information is necessary to guarantee your business's success. A non-disclosure agreement (NDA) is a vital legal framework that protects sensitive business information. Whether you're a start-up, an established company owner, an employee, or a consultant, you should understand the complexity

A company may issue shares during or after formation. The shareholders who purchase these shares must pay for them in full during the issuance. However, there are circumstances where a company may allot nil-paid shares. Nil-paid shares are shares that aren't paid for, but the shareholders have already claimed their

Whether you're a start-up or an established company owner, for your business to grow, you must market and advertise it. However, most business owners get nervous when they think about the marketing part of the business. Some entrepreneurs think promoting a business needs a lot of money, or you must

As a limited company owner and director, you must remember the key dates to your company. You are responsible for filing various documents with the HMRC and Companies House. If you are a first-time company owner, you may not know these dates and what happens if you miss the deadline.

Transferring shares to your kids is a way of making them familiarise themselves with the business world and educating them about finance. However, as a limited company, you must consider several vital factors before transferring company shares to your kids. They include company restrictions and tax implications. For instance, many

Limited companies in the UK can change the memorandum and article of association at any time. Since these are governing documents, any change requires a Special resolution that must be approved by 75% of the members. Those that can be changed include company objectives, authorised share capital, and shareholder voting

A director is an individual who is appointed or elected to manage a company's affairs. It's noteworthy that directors may be either employees or contractors. However, these roles come with distinct rights and responsibilities in a company. When a company director plays the employee status, the business is mandated by

A dormant LLP (limited liability partnership) means the company is no longer trading and doesn't make income. Companies House requires the dormant LLP to submit confirmation statements and annual accounts. The responsibility of filing these requirements falls in the hands of designated LLP members. This guide will help you navigate

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