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  • About Companies Company director in light grey suit with white shirt and dark blue tie, holding up a sign saying 'I QUIT'.

    How to resign as a director – a simple step by step guide

    By Alex HeshmatyDecember 19, 2020Leave a comment

    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…

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    About Companies Young male director smiling at camera with colleagues in background.

    Is a director an employee of a company?

    By Alex HeshmatyAugust 2, 2020Leave a comment

    Company directors are officially classed as officeholders. Even if you’re a sole director of a small company and you run the business all by yourself, you are not automatically an employee of the company. The status of ‘employee’ is only afforded to directors under certain conditions, which we will discuss below. When is a director…

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    About Companies Black arrows displaying a conversion with light grey background.

    Can I convert a limited by guarantee company to a limited by shares company?

    By Alex HeshmatyJuly 26, 2020Leave a comment

    The vast majority of companies in the UK are limited by shares. However, some organisations choose to be limited by guarantee. At some point during the life of a company, as a result of a change in direction or policy, it may become preferable to operate under the alternative setup. But can you convert a…

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    About Companies Two directional street signs displaying the words 'Compulsory' and 'Voluntary' - in white text with light blue background.

    Compulsory vs voluntary strike off – what’s the difference?

    By Alex HeshmatyJune 21, 2020Leave a comment

    There are two methods of removing a company from the Companies House register: voluntary strike off and compulsory strike off. These are mutually exclusive and their use depends on the particular circumstances of a limited company. We will take a look below at the differences between these two limited company strike-off processes. What is voluntary…

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    About Companies The word 'Change' written in red on white paper with red pencil in background.

    Share capital – how can you change it?

    By Alex HeshmatyJune 13, 2020Leave a comment

    Limited by shares companies must assign a nominal value to each of their shares during their incorporation (for example, £1, £0.50, £0.01, etc)  The nominal value of shares represents the ‘limited liability’ of company members, which is the sum of money that shareholders are legally required to pay on each of their shares upon the…

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    About Companies Businessman sitting at desk signing a document on an iPad using a light pen - illustrating the electronic signature concept.

    Can I use an electronic signature to sign company documents?

    By Alex HeshmatyMay 9, 20202 Comments

    Electronic signatures have been around for a number of years and have been applied to a variety of documents that previously required a physical ‘wet ink’ signature. But can an electronic signature alone be relied upon to process all corporate documentation? We will take a look below at some of the legalities and practicalities of…

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    About Companies Image of a man in business attire, sitting on a chair with his head in his hands, with a large red thunderbolt arrow striking the floor in front of him, illustrating the concept of becoming bankrupt as a company director.

    How does bankruptcy affect a limited company director?

    By Rachel CraigApril 5, 20206 Comments

    If you are bankrupt, you cannot be a limited company director until the court lifts your financial restrictions and discharges you from your debts. This usually happens 12 months after the date of the bankruptcy order, but it can be longer. As an undischarged bankrupt, you are also prohibited from being involved in a limited…

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    About Companies Two wooden arrow signs'PUBLIC' and 'PRIVATE' in yellow lettering, pointing in opposite directions, with background of blue sky with white clouds.

    What company information is available to the public?

    By Rachel CraigFebruary 29, 20202 Comments

    To enjoy the benefits of limited liability, UK companies and the people who set up, control, and own them must provide certain information to Companies House. Most of this data is added to the public register of companies, which is available to everyone and can be accessed free of charge online. The company information that…

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    About Companies STAMP DUTY red Rubber Stamp vector over a white background.

    Stamp Duty and Stamp Duty Reserve Tax on share transfers

    By Rachel CraigDecember 22, 2019Leave a comment

    In the UK, Stamp Duty tax is payable on the transfer of existing shares. Calculated at a rate of 0.5% of the sale price of the shares, Stamp Duty (SD) must be paid to HMRC by the purchaser (the new shareholder) when: the price paid for shares is greater than £1000, and the sale is…

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    About Companies A close up of a laptop keyboard with one green key labelled 'Restore', representing the concept of applying to restore a company

    How to restore a company that has been closed

    By Rachel CraigNovember 18, 2019Leave a comment

    A dissolved company is one that has been closed and struck off the register at Companies House. When this happens, the company ceases to exist and is no longer able to trade. In certain circumstances, however, it is possible to restore a company by applying to Companies House for ‘administrative restoration’. If administrative restoration is…

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    About Companies A row of small wooden tiles spelling the word "shareholder".

    What does being a shareholder of a company mean?

    By Rachel CraigSeptember 9, 2019Leave a comment

    A shareholder (‘member’) is an individual person or corporate body that holds shares in a company limited by shares. As a shareholder, your shareholdings represent the percentage of the business that you own and control. The bigger your shareholding, the more company profits you are entitled to, and the greater control you have in the…

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    About Companies Businessman with briefcase walking with ball and chain attached to his ankle, symbolising the liability of company directors.

    Are company directors liable for its debts?

    By Alex HeshmatyAugust 8, 201910 Comments

    Are company directors liable for the debts of the company? We explain the circumstances where directors of a limited company can be held responsible for its debts. While setting up a limited company entails a bit more in the way of formation than being a sole trader, as well as greater financial and admin responsibilities,…

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