Throughout its life following company formation, there may be a decision to rearrange and reorganise the operations and activity of the business, or the ownership of the company. There may be a number of different reasons that a company decides to reorganise: making the company more attractive for sale (by separating loss-making sectors); dividing the assets of the business; or in attempt to take advantage of certain tax or accounting benefits. …
Company Formations Tips & Articles
News and articles from our business planning and start-up experts
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17th December 2011 by NickWis
Buying an off the shelf company
An off the shelf company is a company that has purposely been set up in order to sell on. A company formations agency may set up companies in order to sell to buyers that are keen to have a company instantly. …
16th December 2011 by NickWis
Why to register a company
How to start a business is a process that can cause confusion to anyone, whether you have experience or not. Each new venture has different priorities, different considerations and different markets to target. Even the basics of what type of business you are looking to run can cause stress, with a number of different structures all of which may be new to you. Each type has its own benefits that make it the best option for different circumstances. Here, we look at why you may look to register a company. …
14th December 2011 by NickWis
Life of your set up company: Restoration
When a company is struck off, either voluntarily or through compulsory action, it is removed from the register by Companies House. However, it is possible for a company that has been dissolved to apply to be restored to the register, potentially if their situation improves from when they ceased trade. Therefore it is possible for a company that has closed to return to existence if their application is accepted. …
12th December 2011 by NickWis
Keeping non-statutory registers after setting up a company
When setting up a company there are a number of statutory registers that need to be kept. There is a legal requirement for a company to keep and maintain certain registers holding information about the company. However, in addition to these, some companies choose to hold additional, non-mandatory registers in order to assist in the administration of the company. These are known as the non-statutory company registers. …
9th December 2011 by NickWis
5 Vital Pieces of Information Necessary to Set Up Company
When setting up a company, it is important that you ensure all angles are covered and that all vital decisions have been considered. This will not only help you to speed up the process of company registration and avoid any unnecessary delays, but will make sure that you meet all the legal requirements that could be relevant to your company. There are a number of different things to consider at different stages of the business’ life. …
8th December 2011 by NickWis
What is limited company?
When starting a business, there are a number of questions filling your head about where to begin. One of the earliest decisions that you will have to make is what type of business you intend to run. There are a number of different forms that can be taken in the UK: public limited companies, private limited companies, partnerships, sole traders etc. Most people opt to trade as a sole trade or to follow the route of private limited company formation. …
7th December 2011 by NickWis
After Company Formation – When to register as an employer
After setting up a company you must find out whether or not you need to register as an employer. There are certain conditions that if you meet then you must register. It is important to know these conditions in order to register. Even if you are the only person in the newly set up company you may still need to register as an employer. This is because you may be considered an employer and an employee. …
6th December 2011 by NickWis
Special cases for accounts and audit
After your company formation it is important that you are aware of the annual obligations that face every limited company; namely the annual return and producing annual accounts. In addition, some companies are required to get their accounts audited. Put simply, this means they are checked to ensure they have been completed in the correct, accurate manner. There are certain situations when companies can obtain exemptions from producing full annual accounts and getting them audited. …
- 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
