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When you form a limited company your company is placed on the Companies House register (Companies House are the UK’s registrar of companies). In this post we’re going to look at the ‘Status’ field on the register and explain why your company may have an ‘Active’ status.
There’s a lot to think about when you’re self-employed: managing your workload, balancing the books, looking for new work. Understanding which business expenses you claim as a sole trader or a limited company, though, needn’t be on that list.
The “Section 243 Exemption” is a term you will come across when appointing a limited company director via the AP01 form (online or through paper documentation). A 243 exemption means the proposed director’s residential address will not be disclosed to any credit reference agencies.
A short one for you all today: What’s the difference between a shareholder and a subscriber? Well there’s not much difference at all. A shareholder is someone who owns shares in a limited company. They own the company along with other shareholders (if there are others).
You never know when inspiration is going to strike. In the latest of our series of interviews with entrepreneurs, we speak with Christian Sellars, the co-founder of Little Futures. Christian saw a gap in the market when he noticed the amount of waste that was occurring in the gifting industry. Take a read, get inspired!
The PROOF (PROtected Online Filing) scheme is a free service provided by Companies House that helps protect your company from fraud. Registering your company for PROOF means that Companies House stop accepting paper forms (appointment changes, change of registered office, company name change etc) for your company.
Registering a limited company is extremely simple. However, sometimes applications are rejected by Companies House (don’t worry; if you are forming with us you can resubmit the application for no extra charge). Here are 3 of the most common reasons why applications tend to be rejected.
According to the Office for National Statistics company registration numbers for the latter part of 2020 ‘soared’ when compared to 2019 figures. And it’s no surprise. Lockdown has seen a significant chunk of the UK’s workforce either confined to homeworking, put on furlough or made redundant.
Food stalls are a great example of vibrant entrepreneurship. Whether you’re serving in a street food market, private celebrations or a music festival, it’s clear that the food pop-up industry is taking the cultural world by storm.
When it comes to going self-employed, one of the first big decisions you’ll need to make is whether you should set up as a sole trader or a limited company. Both structures have their pros and cons, of course, and you may even find that you’ll operate within either over the course of your business.
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