A company director has many important responsibilities and duties so choosing the right director/directors is essential. Directors are responsible for ensuring the success of the set up company and compliance with relevant regulations such as employment law, tax and corporate governance. Directors run the company and any new company formation must have at least one director who is a human being – as differentiated from corporate shareholders. Corporate directors can be appointed as long as at least one of the directors is an individual.
Company Formations Tips & Articles
News and articles from our business planning and start-up experts
3rd May 2012 by NickWis
Different types of share capital available when setting up a company
When you wish to register a company it is necessary to have at least one shareholder holding one share, though this is just the minimum amount. In order to understand the share position of your new company formation there are some definitions that you will need to be aware of.
2nd May 2012 by NickWis
Do I need trademark protection when I register a company?
A trade mark is a legally registered symbol which can distinguish the goods and services of your recently set up company from those of your competitors. This can be for either words, logos or a combination of both.
There is an important difference between a logo and a trademark. A logo is not legally registered and whilst there may be other general legal protection, there will not specifically be any restriction on its use by third parties.
A trademark will provide specific legal protection of the use of your words/ logo and will also allow protection against businesses attempting to register similar designs to that of your company registration.
Businesses commonly use trademarks as a marketing tool so that they can differentiate themselves from their rivals and allow consumers to recognise their products or services more easily. In order for a trade mark to be registered it needs to be distinctive and specific to your company.
The registration of a trade mark will allow your company formation exclusive rights to use the symbols of your brand. The legislation which covers this intellectual property right is the Trade Marks Act 1994.
A registered trade mark:
- Will prevent other companies using your trade mark without your permission.
- Enables you to take legal action against anyone who uses your trade mark without your permission.
- In the case of counterfeiters using your trademark allows Trading Standards Officers to raise criminal charges in these circumstances.
- Is legally your intellectual property and you can enable other companies to have a license to use it.
For more information and advice on how Wisteria Formations can assist in trademark registration and also regarding setting up a company please call our customer support team on 0844 893 0808.
Wisteria Formations are not patent attorneys however our recommended attorney can help you to register and protect your business trademark.
27th April 2012 by NickWis
Why appoint an Accountant after setting up a company?
There are a number of reasons why appointing an accountant is advantageous to any newly set up company:
• Tax planning – An accountant can assist with compliance requirements and any early tax planning required. Often understanding the tax planning opportunities when you register a company will be financially beneficial for the future.
• Act as a business consultant – An accountant can act as a sounding board or as a source of more formal business advice following company registration.
• Compliance and regulation – An accountant will advice you on your specific obligations and deadlines.
• Connections and access to other professionals – An accountant can help introduce you to experts who understand your industry i.e. lawyers, bankers, investors etc.
• Planning – An accountant can assist the owners to forecast their business performance by way of developing a business plan. This is essential for cash flow purposes.
• Accounting – An accountant can help to implement accounting systems and the required processes.
• Corporate structure – An accountant can advise on the optimal business structure for your company formation.
For further information and advice regarding accountancy services or the company formation process please call us on 0844 893 0808.
25th April 2012 by NickWis
Got questions about the company address for your new company formation? Have a look at our YouTube video
24th April 2012 by NickWis
Information for non-UK directors who want their own set up company – YouTube video
20th April 2012 by NickWis
Going to become a Director when you register a company? Check out our helpful YouTube video
18th April 2012 by NickWis
Choosing a company name for your new company registration – YouTube video
ALL THIS FOR
£24.99
- Limited company
- Electronic Memorandum & Articles of Association
- Electronic certificate of incorporation
- Electronic company register
- Bank account (if you need)
- Free consultation with a tax advisor or chartered accountant
