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Switching to an LTD from a sole trader can come with a few benefits, such as; limited liability, potential tax advantages, easier access to funding and increased credibility. We’ll discuss these benefits below as well as highlight all the necessary steps you need to take to switch from a sole trader to a limited company set-up.
From May 1st 2024, fees are rising at Companies House, consequently, our prices will also rise. This blog takes you through the price rise and how it will affect company formations going forward.
Many first-time business owners choose to set up as a sole trader over becoming an LTD. However, as a business grows, being a sole trader can become more of a restriction than a benefit. In this blog, we’ll explore when you should consider moving from a sole trader to an LTD business structure.
This article will cover when key VAT deadlines are, the types of penalties you can face for missed deadlines and a few tips on how to stay on time and compliant.
What is a Limited by Guarantee Company? Limited by guarantee companies are commonly adopted by nonprofit organisations such as charities, sports associations, community projects, societies, and other similar entities. This type of structure does not have shares or shareholders, as opposed to limited by shares companies. This means that all profits earned by the company […]
In this article, we’ll cover everything you need to know about VAT calculations for UK businesses.
Whilst choosing a name may be one of the first steps you take when forming a company, it shouldn’t be overlooked. A name is the first impression your brand makes.
Confirming a company’s VAT status helps protect your business from potential legal and financial issues. Fortunately, the process of checking VAT registration is very straightforward!
Starting a business as a sole trader means your business has a different formation process. You may be wondering if you need to go through the process of registering with Companies House. It’s a common question, and in this blog post, we’ll explore whether or not registering with Companies House is necessary for sole traders.
A Brief Guide on Company Registration Numbers From 2021 to 2022 there were 753, 168 company incorporations recorded by Companies House. This was a slight decrease of 7.1% from the data in 2020 to 2021, despite the expectations that there will be more incorporations during the pandemic.
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