As a business owner, you are responsible for keeping track of your business purchases and sales and managing your inventory. Whether you are a new startup or you are planning to begin your business soon, understanding how the purchase order and invoices work and how both differ is important to

Over the years, the amount of UK-based companies owned by non-UK residents has been increasing rapidly. Incorporating a business as a non-UK resident is not a very complex process as long as all your documents are intact as well as the documents of all your directors and members of the

Most times people tend to confuse LTD for LLP. These are two different separate types of business entities. At Incorpuk, we help happy clients with advice on the best business structure based on their business type. If you would like to know which business structure is great for you, kindly

In this guide, you will see all that is needed to set up a limited company. What is a Limited Company A limited company, also referred to as a private limited company, is a company made up of directors, shareholders and other members of the company. This company is governed

Despite having a passion for business, profit drives many business owners to register limited companies in the UK. However, a limited company is an individual entity whose finances and assets belong to the business. So, how do you reward yourself for the hard work? Are you new to this and

A company registration number (CRN) is a business unique identifier that proves they have registered with Companies House. This number is a combination of numbers and letters in cases unique to businesses registered in the UK. The CRN applies to companies registered at the Companies House, such as limited liability

Are you looking for information before registering a limited company? You're not alone. We get a lot of questions from individuals trying to understand how limited companies work and if the option suits them. We've compiled common private limited companies' questions and provided comprehensive answers that may help you know

Although it’s not an easy task, starting your own business may be a very fulfilling one. You assume numerous titles as a lone founder, ranging from salesperson to CEO and all in between. A startup can become a successful firm with perseverance, hard work, and a little bit of

The Companies House is the UK's registrar of companies. This government-run organisation has registered the company's data, including company structure, regulatory compliance, and financial health. Although the Companies House service is incredibly valuable when searching a company's data, its framework can be difficult. However, Companies House lacks essential functionality, notably

When examining the benefits and drawbacks of a private limited company, there are numerous factors to consider. Its ability to shield your personal assets from corporate obligations and liabilities is among its most noteworthy benefits. It may also be simpler to attract capital from investors if the company is limited.

Deputy and Officer Insurance, often abbreviated as D&O Insurance, is a liability insurance intended especially to shield directors and officers from personal liability for any wrongdoings that may have occurred while holding an officer or serving on the board of the company. This insurance provides a kind of coverage

The Gazette is the official journal of records with three publications, which include The London Gazette, The Belfast Gazette, and The Edinburgh Gazette located in the United Kingdom. London Gazette - England and Wales Belfast Gazette - Northern Ireland Edinburgh Gazette - Scotland It is one of the oldest news

The gig economy has grown enormously in recent years, and the epidemic has made it a better option for many people to work in. Today’s workforce is becoming more and more flexible, therefore working professionals are choosing to freelance instead of working 9–5 offices. Additionally, companies are depending

You could need to change your mail address at one point or the other in your business. Businesses change their mail address for several reasons including when they change a business location, open several business branches, and lots more. While you can easily change your mail address with the Royal

Corporate directors just like human directors are important entities within a limited company. The process of appointing a corporate body as a director within a limited company is similar to how an individual is appointed, however, there are still some variations. In this post, you will know what a corporate

One of the key things to do after having set up your business is to open a business bank account. Separating your business finances and transactions from your personal funds is essential. As a startup, it helps you keep an eye on your business expenses and income, helps build trust

Maintaining an accurate payroll system is important if you wish to keep an eye on your company’s finances. One of the things to keep in mind to achieve that is to add every new employee to your company payroll before paying them their first salary. Adding a new employee

It is no news that the first step in setting up a business is incorporation. Incorporation, which may include registration, obtaining the required licenses, and building a brand. However, when incorporation is done, setting up limited corporate taxation is next. As a business owner in the United Kingdom, you have

As a business owner, having a website is crucial to running a successful business. Many businesses within the UK and the world at large have a website because of the numerous benefits it offers. Whether you are a sole trader or a limited company or you are a sophisticated entrepreneur

As a shareholder in a company, you have some legal rights as a result of owning shares within the company. However, the right you have most times depends on the number, class, and value of shares you own. Nevertheless, all shareholders within a company have some rights as outlined in

As a limited company, there must be a director(s) present. A company consists mainly of two sets of people, the directors and the shareholders. The directors are the agents of the company, they participate in active decision-making for the company and they participate in every activity regarding the development

In the market, companies sometimes want to increase their market value and thus tend to increase the price of their shares. The high prices of these shares tend to increase the valuability of the company to the public and specifically investors who would want to invest in a company. Although

A compulsory company strike-off can stop a company from trading and performing other company activities. In serious cases, the company's name can be removed from the Companies House records of companies and so your company has been banned. When companies fail to perform their company duties or stop trading, they

After or before registering your limited company, you may wonder what your employment status is when you trade through this company. Will you be employed or self-employed? Will it affect the amount of national insurance and tax you must pay? These questions make many new company owners confused. However, when

Business owners, especially small business owners have to pay taxes, these taxes include goods and services tax, income tax, corporate tax and capital gain tax. The capital gain tax unlike other taxes, is not taken often. The capital gain tax is only required when a valuable asset as properties of