If you decide to close a company, there are a number of requirements the company must satisfy. The dissolution process will depend on whether your business is solvent or insolvent, i.e. does it have enough money to pay its bills? If your company is able to pay its bills, it is solvent. You can apply to…
During the life of your company, you may have to hold general meetings and board meetings when important decisions need to be made by members and directors. At such times, certain rules and procedures must be followed to ensure the execution of these formal meetings complies with company law. Any resolutions (decisions) that are taken during…
You can move your entire business and operations from Scotland to England. You can run your company from anywhere in the world so you can move to another UK jurisdiction or overseas. However, you cannot change your company’s country of incorporation. If it’s registered in Scotland, it will always be a Scottish company, and your registered office…
Dissolved companies are no longer in existence so the names of dissolved companies can be registered by a new company. There are no legal restrictions in place when choosing such a name, aside from the standard rules and regulations dictating all company names. You should note, however, you cannot use another company’s name when the…
A limited company shareholder is an owner of a company. A limited company director is appointed by shareholders to manage the business on their behalf. Although the roles are completely different and separate, one person can assume both positions. Alternatively, lots of different people can take on these roles. To set up a limited by shares company,…
Limited companies have a number of filing and reporting requirements to fulfil for Companies House and HMRC on an annual basis. It is the responsibility of company officers (directors and secretaries) to submit an annual confirmation statement, annual accounts and tax returns by the statutory filing deadlines. All corporation tax liabilities must also be paid within…
Following the commencement of the Companies Act 2006 on October 1st 2009, a single company law regime governs all UK companies. The Companies Registry Northern Ireland (CRNI) was integrated with Companies House as part of the Department for Business, Energy and Industrial Strategy (BEIS). To form a company in Northern Ireland, you must complete an…
Private limited companies in the UK can be registered at Companies House by just one person. Whilst the application form requires you to have a minimum of one director and one shareholder, it is commonplace for the same individual to hold both of these positions. This means you can set up a company on your own. This is very beneficial…
A holding company is set up for the purpose of owning assets, shares in other companies and/or to manage or supervise other companies. It is sometimes referred to as a ‘parent’ company. A company whose majority shareholder is another company is known as a subsidiary of that company. Register a holding company online in 3 hours…
Company formation is the process of registering a business as a limited company at Companies House. As a result, the business becomes a distinct legal entity. The process is also referred to as ‘company incorporation’ and ‘company registration’. When you incorporate a limited company, it becomes an individual ‘person’ in the eyes of the law. Incorporated…
In the context of limited company formation, a company is active as soon as it is incorporated. However, it is only considered ‘active’ for corporation tax purposes when it is carrying on any kind of trading activity, such as buying and selling goods or services, managing investments or receiving income of any kind, including bank…
Running a business or company will likely involve hiring employees at some point. You may have prior experience in this area or you may be completely new to interviewing, but either way, you must ensure you have the appropriate skills and knowledge to conduct successful interviews. There are a number of key interview techniques involved,…
