What Does Incorporation Mean? Incorporation is a legal process involving the registration and formation of a limited company. By law, a limited company is a business entity that is separate from its owners. You can run a business enterprise without having a limited company by becoming self-employed, but you are not a legally-defined company until… Continue reading What Is Incorporation? The Definition of Incorporation
Author: Rajesh Velayuthasamy
What Is a Sole Trader? Everything You Need to Know
There are many types of employment status in the United Kingdom. If you are considering becoming your own boss, you’ll have heard terms like limited company and PLC, self-employed worker, freelancer and sole traders. In this blog, we take a closer look at the latter: sole traders. What is a sole trader, and how does… Continue reading What Is a Sole Trader? Everything You Need to Know
What Is a Virtual Office? How Virtual Offices Work Explained
What is a virtual office? It sounds like a virtual reality space where employees meet and work in a simulated environment. But — some might say, unfortunately — the practice is a lot more mundane than that. The virtual office has risen in popularity in recent years, with many businesses opting to include the service… Continue reading What Is a Virtual Office? How Virtual Offices Work Explained
What Does LTD Mean? Your Complete Guide to Limited Companies
What Is an LTD Business? An LTD business is a company that has been incorporated by Companies House for operation within the United Kingdom. An LTD company is a privately held commercial enterprise that has one or more registered employees. LTD companies are traditional companies and are their own legal entity. This status sets them… Continue reading What Does LTD Mean? Your Complete Guide to Limited Companies
How to Open an LTD Company: 5 Steps to Success
Reports from Companies House reveal that over 660,000 businesses are started in the UK every single year. These businesses may all differ in what they offer, and to who, but they also have something in common. From large corporations to the smallest of operations, every business has to go through the same process of getting… Continue reading How to Open an LTD Company: 5 Steps to Success
The Key Benefits of Forming a Limited Company
It gives your business extra credibility to help win over customers and investors. It provides a clear framework to shape your business exactly how you want it. And it can even give you the opportunity to reduce your tax bill. These are some key benefits of a limited company (and this is just scratching the… Continue reading The Key Benefits of Forming a Limited Company
How to Resign as a Director of a Company: Your Essential Guide
Being a director certainly has its perks. But not every element of a director’s life is perfect. So you may decide to resign as director. Unlike leaving traditional employment — which is a fairly simple process — resignation as a director has much more significant implications and attached responsibilities. This won’t come as a surprise… Continue reading How to Resign as a Director of a Company: Your Essential Guide
How to Change a Company Name
Changing a company’s name is not an uncommon practice. There are plenty of well-known examples, including BackRub to Google and Confinity to PayPal. But, changing your company name is not as straightforward as you might like it to be. It’s not just a case of updating branding and logos. Because you registered your business as… Continue reading How to Change a Company Name
How to Get a Virtual Business Address & Why You’d Want One
The digital era has brought with it a wealth of innovations that can transform the way you do business. From online technology that supports long-distance communication and collaboration to advanced hardware that streamlines practices and workflow — the 21st-century has presented the commercial world with a treasure trove of powerful tools ripe for the plundering.… Continue reading How to Get a Virtual Business Address & Why You’d Want One
How to Set up and Register for PAYE as an Employer
As an employer, you are required to meet and manage a number of different financial obligations, and PAYE is no exception. It is crucial that, as a business with employees, you register for PAYE before establishing payroll. But why? What is PAYE and how do you register for it? Before You Register for PAYE: The… Continue reading How to Set up and Register for PAYE as an Employer