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, leading many to say that as a sole trader you are…
business types
Advantages and disadvantages of a community interest company (CIC)
A community interest company (or CIC) is a special form of non-charitable limited company, which exists primarily to benefit a community or with a view to pursuing a social purpose, rather than to make a profit for shareholders.…
What is a limited company?
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. This confers the status of…
What is an unlimited company?
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,…
Advantages and disadvantages of a partnership business
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.…
What is a general partnership?
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…
2021 Review
of UK Company Formations
Read our comprehensive review of UK company formations in 2020, 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
