The articles of association are the written rules that govern how a company is run, governed and owned. Every company must have them. In another article we explain in detail some of the key provisions you would expect to see in…
What is a dormant company?
Your company may be considered dormant if it is not currently carrying out any business and it does not have any other sources of income, including investment income. This article explains what to do and what to avoid doing in…
10 advantages of setting up a limited company
There are currently over 5 million limited companies incorporated in the UK. Incorporation is often preferred to a sole trader or general partnership structure for one or more of the following reasons:…
How to record the furlough of a director
Following the coronavirus outbreak and with many businesses no longer able to trade, the Government launched the coronavirus job retention scheme (CJRS) which introduced provisions for companies to furlough employees. This…
The Inform Direct specimen LLP agreement: a resource for LLPs
While it’s not a legal necessity, most limited liability partnerships will choose to put in place an LLP agreement. This is a legally binding contract between the LLP members which details their respective rights and…
What a Certificate of Good Standing is and how to get one
A Certificate of Good Standing is used to prove that a company is incorporated and authorised to undertake business in a particular state. You might also see it referred to as a ‘Certificate of Authorisation’ or…
2024 Review
of UK Company Formations
Read our comprehensive review of UK company formations in 2023, year-on-year growth rates and breakdown by county. This detailed insight is provided in the form of easy to understand infographics available for sharing through social media and on your own website