Author Archive

19th December 2011 by NickWis

Reorganisation of a company

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.

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.

15th December 2011 by NickWis

Types of Share

When setting up a company you will need to allocate shares. The role of shares in simple terms is a form of company funding. A shareholder invests in the newly set up company and gets shares in return. If you are a shareholder of a company this does not mean that you actually have a share of the company. Instead it means that you have certain rights that are given to you by the company that issues the shares.

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.

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.