About CompaniesCompany Formation

Can I change a limited company to an LLP?

It is not possible to convert an existing limited company to an LLP because they have completely different internal structures and taxation requirements. If your business is currently set up as a limited company and you want to change it to an LLP, you will have dissolve your existing company and register your business as a Limited Liability Partnership.…

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About Companies

What is a holding company?

A holding company is a very specific type of business that usually conducts no activity other than owning (‘holding’) shares in other companies, managing other businesses and receiving dividends from its subsidiaries. Section 1159 of the Companies Act 2006 states that: A company is the “subsidiary” of another company, its “holding company”, if that other company –…

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Company Formation

What is a share certificate?

Limited companies issues share certificates to their shareholders when they purchase shares after company formation. This document certifies ownership of a share from a particular date.  It is essentially a receipt of ownership. Recording original shareholders (subscribers) The Companies Act 2006 prescribes that a company must issue a share certificate when any shares are allotted (issued).…

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About Companies

Contractors, freelancers and consultants – what’s the difference?

Contractors, freelancers and consultants. These terms are used frequently in the world of company formation, but what do they actually mean? It’s particularly confusing because these labels are often used interchangeably when discussing self-employment, but there are significant differences between all of them. Consultants Generally, the role of a consultant is to advise or consult.…

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