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
Category: Companies House
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 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 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 the difference between dissolution and liquidation?
The term dissolve and liquidate can be easily confused because it means the same thing when it comes to actions, in the business world. However, they are not exchangeable terms. Here we highlight the key differences. What is dissolution? The end of a company as a legal entity is called dissolution. Dissolving is the process… Continue reading What is the difference between dissolution and liquidation?
What are the key responsibilities of a company director? (…7 important statutory requirements of a director)
You might have recently taken on the role of a company director. Are you aware of the legal requirements that a director should follow? Next, to the director appointment, he/she will be expected to fulfill certain duties to the shareholders, employees, and the company itself. The company director is finally held responsible (blamed) if deadlines… Continue reading What are the key responsibilities of a company director? (…7 important statutory requirements of a director)
How to remove a shareholder from a limited company? (…and how to transfer shares to a new shareholder)
A shareholder can leave a company for a variety of reasons. The board might have decided to remove the association with a shareholder, or shareholder might want to voluntarily get removed from the position or simply be removed due to death. After removing a shareholder, a company cannot hold any unallocated shares as per company… Continue reading How to remove a shareholder from a limited company? (…and how to transfer shares to a new shareholder)
How Does a Virtual Office Address Work?
The word virtual conjures up the vision of something highly technical. Virtual, as we often use the term, relates to the digital world — usually pertaining to some form of simulation. Virtual reality, virtual world, virtual life; these are all terms you’ll have heard before. So when we say “virtual office”, do we mean some… Continue reading How Does a Virtual Office Address Work?
How to get your companies Unique Tax Reference
How to get your companies unique tax reference? Unique Tax Reference sometimes referred as Corporation Tax Reference is a 10-digit number either for you or for your company. Once your company is formed, Companies house notifies HMRC (Her Majesty’s Revenue and Customs) about your newly registered company. HMRC, in turn will register all the information… Continue reading How to get your companies Unique Tax Reference