About CompaniesCompany Formation

The difference between directors and shareholders

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,…

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Filing & Finance

Late filing penalties for limited companies

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 (previously called an ‘annual return’), annual accounts and tax returns by the statutory filing deadlines. All corporation tax liabilities…

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