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Your business must register for VAT with HM Revenue and Customs (HMRC) if, over the past 12 months, your ‘taxable supplies’ (defined later in this article) have exceeded the VAT registration threshold. This applies to…
What is a sole trader?
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…
What is a right to manage (RTM) company?
The leaseholders in a block of flats have the right to form a company for the purpose of taking over management of their block from the freeholder (landlord). In doing so they will be exercising their right to manage (RTM).…
What is a limited company?
A limited company is a form of business which is legally separate from its owners (typically shareholders) and those appointed to run it (directors). Its defining characteristic is limited liability, which we explain below.…
What is a convertible loan note?
What is a convertible loan note?…
Memorandum and articles of association explained
Both a memorandum of association and articles of association are required for a company formed in the UK under the Companies Act 2006 and previous Companies Acts. The memorandum of association is the document that sets up the…
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