Companies House issues a unique registration number during the incorporation of a new firm. Each company that operates in the United Kingdom receives a registration number that plays a key role in identifying a company as well as confirming its position as a...
It is the duty of the registrar to inform HMRC when a new business is incorporated, so you don’t need to contact them separately. Soon after the formation of your business, HMRC will send a letter to the registered office of your company with form CT41G and your...
Limited companies can be owned a single or multiple members. If a company is limited by guarantee, its members are called ‘guarantors’. On the flip side, members of a company limited by shares are called ‘shareholders’. Both guarantors and shareholders could be...
Picking your company name is not an easy task. Nonetheless, with little research, you will find that the most successful brands have short and snappy names that anyone can easily remember. A short name is easy for people to recall, and they also utilise less space in...
LLP members can be considered as partners in the company. You require at least two members to incorporate your firm at Companies House, among which no fewer than two of these individuals need to be ‘designated’. Designated members of an LLP have additional legal...
Some businesses prefer creating a group structure in association with the ‘holding company’ for the purpose of tax efficiency and managing risk. Nonetheless, it is important to understand what a holding company actually is, how it changes the structure of an...
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