Johnathan Korchak, Author at Inform Direct

Why have a dormant company?

Published in Business finance on April 26, 2024 by Johnathan Korchak

The vast majority of companies actively trade. However, there are also over 500,000 dormant companies registered with Companies House. Dormant companies benefit from reduced administrative requirements: in particular, they don’t…

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Tags: company types, dormant companies

1 comment

What is an ERN (PAYE Reference Number) and why do I need it?

Published in Business finance on April 24, 2024 by Johnathan Korchak

An ERN (Employer Reference Number) is issued to every UK company that registers as an employer. It is also referred to as a PAYE reference number because it is used as a unique identifier by HMRC when processing payroll…

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Tags: accounting, company records, employment, HMRC, PAYE

What is a sole trader?

Published in Business management on April 19, 2024 by Johnathan Korchak

A sole trader is a self-employed person who owns and runs their own business as an individual. A sole trader business doesn’t have any legal identity separate to its owner. That leads many to say that as a sole trader you…

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Tags: business types, sole trader

3 comments

Advantages and disadvantages of a public limited company

Published in Company formation on April 17, 2024 by Johnathan Korchak

A great number of businesses choose to incorporate as a company limited by shares. That contrasts with other forms of business, such as the sole trader, partnership, limited liability partnership (LLP) or company limited by…

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Tags: business types, plc

7 comments

What is a Companies House presenter code?

Published in Company records on April 15, 2024 by Johnathan Korchak

Documents filed electronically at Companies House must include details of who is ‘presenting’ the document. This lets Companies House know who to contact about a transaction, and can also provide a more efficient billing…

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Tags: presenter code, Companies House, company records

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Author Archives: Johnathan Korchak