A company is a separate legal entity in the UK. Unlike sole traders and partnerships, the owners, also known as shareholders, cannot treat profit as…
Author: Smart Formations
One of the most common questions that new business owners ask is how long to keep accounting records for and which business documents to store.…
The medium of the internet has allowed business, retailers and entertainment companies to reduce the cost of doing business while reaching wider audiences. Nearly all…
Directors, shareholders, company secretaries and persons of significant control (PSCs) have roles within a company that are dealt with in the Companies Act. It should…
Shareholders are the owners of a company. When a company is created, it raises funds to start trading or making investments. Each shareholder makes an…
The name you propose to give your company is subject to approval by Companies House. So, the first task of the company formation process is…
Official Address – When you apply to the Companies House to form a company, you must supply an official address for the same. This address…
Dissolution is sometimes referred to as deregistration or striking off. Companies can be dissolved by Companies House without the consent of the owners or as,…
HMRC (Her Majesty’s Revenue and Customs office – the UK taxing authority) is aware of all new company formations, so you do not need to…
Only large companies and companies operating in a regulated industry or service sector are obligated to employ the services of an auditor. Small companies are…