Johnathan Korchak, Author at Inform Direct

What is a limited company?

Published in Company formation on September 9, 2017 by Johnathan Korchak

A limited company is a form of business which is legally separate from its owners (typically shareholders) and managers (formally called directors). In the UK, it must be incorporated at Companies House, which confers the status…

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Tags: incorporation, business types, limited company

When do you have to register for VAT?

Published in Business finance on September 7, 2017 by Johnathan Korchak

Your business must register for VAT with HM Revenue and Customs (HMRC) if, over the past 12 months, your “taxable supplies” (closely based on your sales or turnover, not your profit) have exceeded the VAT registration…

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Tags: HMRC, taxation, business finance, VAT

What is a company’s register of directors?

Published in Company records on September 3, 2017 by Johnathan Korchak

All UK companies must keep a number of statutory registers. A register of directors is therefore required for most types of business, including a standard company limited by shares, company limited by guarantee and public limited…

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Tags: company records, registers, register of directors

What is an unlimited company?

Published in Company formation on August 30, 2017 by Johnathan Korchak

An unlimited company – or private unlimited company, since an unlimited company must be set up as a private company – is a type of business available both in the UK and elsewhere. In this article, we look at the features,…

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Tags: business types, unlimited company

Advantages and disadvantages of a partnership business

Published in Business management on August 27, 2017 by Johnathan Korchak

A partnership business is one of the most common forms to run a business in the UK, with several hundred partnerships currently in existence. The most common alternatives are the sole trader and limited company.…

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Tags: business types, partnership, general partnership

What is a general partnership?

Published in Business management on August 24, 2017 by Johnathan Korchak

Mostly, when we talk about a “partnership” in the UK, we mean a general partnership. You might also see this type of business called an ordinary partnership or business partnership. A general partnership is very different from…

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Tags: business types, partnership, general partnership

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2016 UK
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Read our comprehensive review of UK company formations in 2016, 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

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Author Archives: Johnathan Korchak