Johnathan Korchak, Author at Inform Direct

Inform Direct now supporting over 400,000 companies

Published in Inform Direct news on April 28, 2024 by Johnathan Korchak

We’re delighted to be celebrating a milestone, with 400,000 UK companies now managed on the Inform Direct platform.…

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…

Read

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…

Read

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…

Read

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…

Read

Tags: business types, plc

7 comments

2025 Review
of UK Company Formations

Read our comprehensive review of UK company formations in 2024, 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

View Statistics

Author Archives: Johnathan Korchak