Resolutions are the way that a company is able to make decisions, with the ordinary and special resolution the most common forms. Resolutions are important in changing any of the details following company registration, necessary to implement certain changes with Companies House. The type of resolution that is required will often depend on the change that is being executed. Certain decisions, such as a name change, require a special resolution. …
Company Formations Tips & Articles
News and articles from our business planning and start-up experts
3rd December 2011 by NickWis
When starting up a company, you need to think about a business plan
The business of company registration is undoubtedly an exciting, albeit unpredictable period ahead. That awesome idea that has been logged in your brain is finally coming into fruition, perhaps after having spent countless evening exhausting friends and family over the finer details. However, there are a few important steps to tackle that element of ambiguity and certain decisions to take that may influence the performance of your business after registration. Topping that list is implementing a thorough business plan. Every business, regardless of industry or sector requires due diligence. A business plan that defines exactly how the business will operate through defining the key variables provides just that. …
2nd December 2011 by NickWis
Making changes after company formation
Although it is important to get all information about your new company correct when you initially start the process, it is inevitable that there will be situations where changes need to be made to the company details. Some of the most common alterations a limited company make relate to the name of the company, the directors or secretaries, and the shareholders. …
1st December 2011 by NickWis
A company is for life, not just for Christmas
The process of online company formation is a low-cos, efficient way of starting a business. However, i
t is vitally important that you consider all of the obligations associated with running a limited company, and that you do not neglect your ongoing responsibilities as a director. Although you may have all the information readily available to complete our application, here we highlight some of the vital factors that tend to be ignored when setting up a company. …
28th November 2011 by NickWis
How can a director leave after company formation?
You may find yourself in a situation after setting up a company where you come to the decision that yourself, or one of the other directors, should terminate their office. There are a number of ways in which a director can be removed from the company: resigning themselves, being removed by the company, or automatically being removed. It is important to consider issues with regards to the service contract of the director, though here we look at the methods of termination. …
26th November 2011 by NickWis
Internal Funding and Equity Finance
When setting up a company one of the first things you will have to consider is how you are going to fund your company. There are two ways to start funding of your set up company. The first is internal funding. This should be your primary method of funding. It will most likely be the case that after company registration you will not have sufficient internal funding for your company to expand the second option is to get external funding. …
24th November 2011 by NickWis
What is security?
The term “security” describes a method by which those lending money are able to ensure some safety behind their side of the transaction, to some extent avoiding many of the risks of lending money. The concept is important, as a newly set up company may often have to provide security if they need to borrow in their early stages. There are a number of different types of security that can be used which will be discussed in this article. …
23rd November 2011 by NickWis
Why you shouldn’t buy an off-the-shelf company
When looking to set up company, many people will consider the different options they can pursue in order to have the entity in place. The routes commonly investigated are the process of company formation, or purchasing what is known as an “off-the-shelf” company. There are benefits to acquiring a company through either procedure; however recent developments have made the latter a less attractive option than in the past. …
- 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
