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
Category: Business Advice
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 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
How to Close a Limited Company in the UK
Are you looking to close a limited company? This quick and easy guide will answer all your questions about how to close a limited company in the UK — and take you through the essential steps to complete the process. GOV.UK defines a limited company as “a company limited by shares or limited by guarantee”.… Continue reading How to Close a Limited Company in the UK
What Is a Dormant Company?
There are several reasons why a company may be dormant. This article defines what it means to have a “dormant company” — and the various implications attached to one. The Definition of a Dormant Company A dormant company is a company that has ceased trading and does not receive any form of income —… Continue reading What Is a Dormant Company?
FAQ’s about appointing a new company director
When a private limited company is incorporated, the first directors are usually designated by investors. However, new directors could be designated at any time after the company is formed. The reason to appoint new directors could be any. For instance, it could be a replacement for the current position or adding more directors to the… Continue reading FAQ’s about appointing a new company director