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Introducing a new product or service to compliment what you already offer is often a great idea as it can contribute to extra revenue and give your brand a whole new audience. However, it is important to act with a degree of caution.
Starting and nurturing your own business takes time and patience which is why business insurance is necessary to safeguard and protect your hard work. This is why it is important to consider the different types of insurance your business needs. Business insurance helps you prepare for the worst, and you feel protected should the […]
Undoubtedly one of the most common queries that we get here at Company Formation MadeSimple is about what the difference between two very important filing obligations are for a limited company. These are Confirmation Statements and Annual Accounts.
You may know your hydrangeas from your hollyhocks, but how clued up are you on the different company structures open to professional gardeners? If your gardening business is going to flourish, you’ll need to pick the best setup for you, and meet all the business and legal requirements that come with it.
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.
What is a virtual office? If you’re in the process of starting your own business, you’ll soon need to think about where you want to be located. Traditionally, as a new company owner, you will look to rent an office in the area you want to serve. But this can be a costly option, especially […]
There are many benefits to having a dedicated business bank account. It allows you to track your business’s financial performance, gives you projections, makes budgeting more accessible and can provide a clear overview of your finances to prevent issues during tax time. Luckily, setting up a limited company bank account in the UK is […]
In recent years, it’s been tougher for property rental businesses in the UK. With changes in legislation and lending criteria has been tightened, regulations have become less generous and rental yields have fallen — but can lessors still have good earning opportunities despite these challenges? Here, we’ll take you through the cases for and against.
What is a company credit report and what it’s used for: What is a company credit report? A company credit report provides financial background information about a company. It covers information such as the company’s ownership, subsidiary companies, financial information, risk scores and any liabilities or bankruptcies. It is also known as a business credit […]
If you’re planning to launch your own business, there’s no harm in asking for help. There are hundreds of government-run grants available to British entrepreneurs who want to lower their start-up costs, invest in innovation, and achieve much faster growth.
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