All limited companies in the UK must adopt articles of association upon incorporation. In this blog, we will explain the significance of this official documentation. What are the articles of association? Every company must have a constitution that comprises two documents: the articles of association and a memorandum of association. Although the memorandum of association…
There are many dormant companies on the register of companies, and there are a wide variety of reasons for making a company dormant. In this blog, we will consider whether HMRC (HM Revenue and Customs) needs to be informed of the status of a dormant company. Do I need to tell HMRC about the status…
The trading address of a business can be important not only for practical logistical reasons but also for legal purposes. In this blog, we will explain the meaning of a trading address, how it differs from other types of corporate addresses, along with some of the legal aspects of business addresses. What is the trading…
Branching out on your own to start a personal training business is an ambition shared by many professionals working in the sports and fitness industry. It’s an achievable goal, but there are a number of considerations and important steps required to ensure that your business has the best chance of success. The UK is one…
Forming a company in the UK involves filing an application to incorporate (Form IN01) with Companies House (the Registrar of Companies) in accordance with the Companies Act 2006. This guide explains the legal requirements and essential steps you need to take, including choosing a company name, adopting articles of association, appointing directors, issuing shares, and…
A business partnership is a profit-making business structure that is co-owned and managed by two or more ‘partners’ who share a common goal. They work together to advance their mutual interests and make the business a success. However, the suitability of a partnership depends on a variety of factors, so we’ll discuss the pros and…
Anyone who has filled out a confirmation statement will know how easy it is to make mistakes, particularly if any changes need to be entered on the form. And even if all the information is correct at the time of filing, it can soon become out of date. Fortunately amending a confirmation statement is normally…
In this blog, we will take a look at how a business credit score works, what is considered to be a good score, how to improve a bad one, and how you can find your business’s credit score. What is a business credit score? A business credit score is a numerical grade based on an…
The most profitable industries in the UK are usually serviced by huge corporations, such as utility companies, banks, insurance firms, supermarkets, and pension funds. But there are also many profitable sectors that are more accessible to entrepreneurs setting up a business. In this blog, we will consider the most profitable industries suited to startups. Technology…
The end of the Brexit transition period on 31 December 2020 means that UK businesses are now obliged to comply with the new rules. Although the majority of UK regulations have remained the same as before Brexit, companies should be aware of certain changes. We will consider some of the rule changes and what they…
The government has been consulting on corporate transparency and reform of the Companies Register for the past couple of years. The broad aim is to enhance the role of Companies House, increase the transparency of UK corporate entities and help combat economic crime. We will examine both the original consultation which was published in May…
If you want to know how to resign as a director of a limited company, this blog post explains how to do just that, including the steps that a company must take when a director resigns. We also walk you through the information that is displayed at Companies House and the level of liability that…
