Company Formation

Service address and registered office address – what’s the difference?

This aspect of limited company formation confuses a lot of people, so you’re not alone in wondering what the difference is between a service address and a registered office. These two addresses are completely different with separate purposes and requirements. A service address is required by all company directors, subscribers, company secretaries, LLP members and…

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Company Formation

What are the memorandum and articles of association?

The memorandum and articles of association are two constitutional documents that all limited companies are required to have when they incorporate at Companies House. The memorandum states the names of each subscriber (the very first shareholders or guarantors who become members during the company formation process) and their intention to form and join the business.…

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About Companies

What is a limited liability partnership?

A limited liability partnership is designed for businesses that usually operate as a traditional partnership. This tends to be accountancy firms, solicitors, dentists, veterinary practices, architects, chartered surveyors, medical practitioners and other professional services firms. Since the introduction of the limited liability partnership format in 2001, these types of businesses are able to operate as LLPs and…

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Company Formation

Limited company or LLP?

Limited companies and LLPs share many similarities, most notably the reduced financial responsibility of the owners. However, they do have significant differences as well, namely: Capital investment opportunities. Flexibility of internal structure and members’ rights. The allocation and taxation of business profits. Choosing the most appropriate legal structure will depend entirely upon the kind of…

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