Johnathan Korchak, Author at Inform Direct

How does a company apply restrictions to a PSC’s shares?

Published in Company records on April 4, 2016 by Johnathan Korchak

As part of the process of identifying and confirming the details of its PSCs, a company may send out a number of notices asking for information. In most cases, the addressee will respond in good time and the company will have…

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Tags: company records, PSCs, registers, restrictions

What must a company do to create its PSC register?

Published in Company records on March 29, 2016 by Johnathan Korchak

Most UK companies must keep a Register of People with Significant Control. In this article, we look at the type of process a company should follow to put together its PSC register and share a number of useful templates that can be…

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Tags: company records, PSCs, registers

Admitting a new member of a company limited by guarantee

Published in Shares and shareholders on January 22, 2016 by Johnathan Korchak

Many companies limited by guarantee, particularly clubs and similar associations, will regularly receive applications and accept new members. In other companies, like property management companies for small blocks of flats,…

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Tags: guarantee, members, membership certificates, register of members

Should a company limited by guarantee issue a membership certificate?

Published in Shares and shareholders on January 10, 2016 by Johnathan Korchak

There is no legal obligation for a company limited by guarantee – whether a club, flat management company or other membership organisation – to issue a membership certificate when admitting new members. But, akin to share…

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Tags: guarantee, membership certificates

What is a company subscriber?

Published in Shares and shareholders on December 29, 2015 by Johnathan Korchak

A subscriber is one of the initial shareholders in a private limited company. They are called subscribers because, as part of the company formation process, they subscribe to the company’s memorandum of association.…

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Tags: Company Formation, shareholders, shares, subscriber

4 comments

What is a company’s UTR (unique taxpayer reference)?

Published in Business finance on October 23, 2015 by Johnathan Korchak

A company’s unique taxpayer reference is a 10 digit number issued to all new limited companies. This code is often abbreviated to UTR and is otherwise known as a corporation tax reference or just tax reference. It is used by…

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Tags: accounting, company records, HMRC, incorporation

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Author Archives: Johnathan Korchak