limited company Archives

10 Reasons to be a Sole Trader

Published in Business management on November 21, 2023 by Johnathan Korchak

Setting up as a sole trader is the most popular way of starting up a new business in the UK. It’s especially common amongst those going into business on their own for the first time. Starting your business as a sole trader has…

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Tags: business types, limited company, sole trader

1 comment

What is a right to manage (RTM) company?

Published in Company formation on April 14, 2023 by David Hill

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).…

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Tags: limited by guarantee companies, Company Formation, limited company

What is a limited company?

Published in Company formation on April 14, 2023 by Johnathan Korchak

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.…

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Tags: business types, incorporation, limited company

1 comment

What is an umbrella company?

Published in Company formation on December 5, 2022 by David Hill

Whenever a contractor considers approaching a client or agency for work, they face a dilemma over how best to get paid. UK tax laws tend to push them into choosing between two options: …

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Tags: Company Formation, limited company, tax

Do I need a business bank account?

Published in Company formation, Business finance on November 20, 2018 by Ben Robinson

Not all businesses are required to have a business bank account. Many business that are not legally required to have a business account still decide to operate with one as they do offer many benefits.…

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Tags: bank account, company formations, limited company, sole trader

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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

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