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Many first-time business owners choose to set up as a sole trader over becoming an LTD. However, as a business grows, being a sole trader can become more of a restriction than a benefit. In this blog, we’ll explore when you should consider moving from a sole trader to an LTD business structure.
There is mass confusion surrounding the annual accounts and the annual returns. Some people mistake one for the other; some people recognise one but fail to recognise the other and some people completely ignore them both.
Today’s blog will explore how much it costs to form a limited company or LLP and places where you can save or splurge during the process.
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 […]
Whilst choosing a name may be one of the first steps you take when forming a company, it shouldn’t be overlooked. A name is the first impression your brand makes.
You may know your hydrangeas from your hollyhocks, but how clued up are you on the different company structures open to professional gardeners? If your gardening business is going to flourish, you’ll need to pick the best setup for you, and meet all the business and legal requirements that come with it.
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.
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 […]
Being the director of a limited company comes with many rewards, one of which is being in charge of your salary. But how exactly do you pay yourself as a company director?
In recent years, it’s been tougher for property rental businesses in the UK. With changes in legislation and lending criteria has been tightened, regulations have become less generous and rental yields have fallen — but can lessors still have good earning opportunities despite these challenges? Here, we’ll take you through the cases for and against.
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