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What Is a Dormant Company? Companies not engaging in business activity or generating revenue through trading are tagged as “dormant” or inactive. However, they must still be registered under Companies House for tracking purposes. Dormancy can take effect from the date of incorporation or after a trading period. Additionally, businesses that have permanently ceased trading […]
What is a Limited by Guarantee Company? Limited by guarantee companies are commonly adopted by nonprofit organisations such as charities, sports associations, community projects, societies, and other similar entities. This type of structure does not have shares or shareholders, as opposed to limited by shares companies. This means that all profits earned by the company […]
What Is a Limited Liability Partnership? Are you considering running your business as a limited liability partnership in the UK? This guide will tell you what you need to know about a limited liability partnership, how it is formed, and its differences from limited companies. A limited liability partnership or LLP is a hybrid business […]
You are entitled to various benefits and perks as a limited company director. One of the most valuable perks is being in charge of your salary. This means you can set your salary within certain limits and take advantage of other benefits. However, knowing how to pay yourself from a limited company can be confusing […]
A Brief Guide on Company Registration Numbers From 2021 to 2022 there were 753, 168 company incorporations recorded by Companies House. This was a slight decrease of 7.1% from the data in 2020 to 2021, despite the expectations that there will be more incorporations during the pandemic.
Starting a small business can be an exciting and rewarding endeavour, but it also requires careful planning and a strong strategy to achieve success. As a small business owner, it’s important to set your business up for success from the very beginning. Here are a few tips to help you get started:
In recent years, co-working spaces have become increasingly popular among professionals seeking a flexible and collaborative work environment. A co-working space is a shared workspace where individuals from different companies and industries work alongside each other. If you are a smaller company, or just yourself, you may want to consider a co-working space. Here are […]
TikTok is one of the fastest-growing social media platforms out there. With over 30 million daily users and a hyper-curated user algorithm, it’s a great place to promote your small business. However, getting started on TikTok can be daunting, especially if you’re not familiar with the platform or any social media. In this blog […]
If you are a business owner in the UK, you might be familiar with the concept of Value Added Tax (VAT). VAT is a tax on the value added to goods and services, as a business owner, you are required to register for VAT if your taxable turnover exceeds a certain threshold. While […]
Small and medium businesses account for 99.9% of the UK’s business population, they are the backbone of the UK economy. With advances in digital technology, global connectivity and a changing consumer consciousness, there has never been a better suited time to start your business. If you’re a wannabe future entrepreneur and need that […]
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