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
Category: Company Formations
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
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 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 File a Confirmation Statement
If you’re a business owner, you’ll have to file a confirmation statement! This article defines what a confirmation statement is — and how to submit one. All companies MUST complete a confirmation statement — whether they are a limited company in a remote UK village, or use a registered office address in London. What Is… Continue reading How to File a Confirmation Statement
10 Questions to Ask Before You Start a Business
10 Questions to Ask Before You Start a Business Before you start a business, it’s vital to know whether you have a scalable and sustainable business idea. Answer the following 10 questions to help you decide whether your current business idea is worth launching. It goes without saying, but issues such as obtaining a domain… Continue reading 10 Questions to Ask Before You Start a Business
10 Things You Should Know about Setting up a Limited Company
10 Things You Should Know about Setting up a Limited Company Once you’ve learned how to set up a business and you’ve made the decision to register your start-up as a limited company, there are 10 important things to take into account. We outline what they are. To set up your business as a limited… Continue reading 10 Things You Should Know about Setting up a Limited Company
The Top 5 Questions Your Business Plan Should Answer
Whether you’re trying to reach a personal fitness target or want to travel across the world, a detailed plan is the main factor that determines whether you reach your business goal or not — when it comes to business, an effective business plan determines its success and future potential. But before you write a good… Continue reading The Top 5 Questions Your Business Plan Should Answer
4 ways to legally draw money out of a limited company
Once you’ve set up your limited company, you might think that you can take from your company’s account as you see fit. Business owners who operate with this attitude ‘what’s yours is mine’ will soon discover themselves in difficulties. Once a limited company is incorporated at Companies House, it becomes a separate legal entity. The… Continue reading 4 ways to legally draw money out of a limited company
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?