Limited Company

Should you be a sole trader or a limited company?

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 life.

What is the Companies House PROOF service?

Last Updated: 25/03/2021 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.

The Companies House status says my company is ‘Active’ – what does this mean?

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.

How to start your own architecture firm: a practical guide

The likes of Foster & Partners and BDP might dominate the industry press, but it’s actually thousands of sole practitioner and boutique studios dotted across the country that form the bedrock of the UK’s architectural profession.

Can a company change the SIC Code?

Yes it can. The Standard Industrial Classification (SIC) code is a five digit number that categorises a company’s nature of business.

How do I pay myself if I’m a limited company director?

Being the director of a limited company comes with many rewards, one of which is being in charge of your salary. But how exactly do you pay yourself as a company director?

Starting up your own clothing line? Here’s why you need to trademark it

If you’re starting up your own clothing line, you’ll have put hours and hours into designing, creating and branding your products. And as any experienced clothing line entrepreneur will tell you, it’s imperative to consider trademarking your products.

What is the “Return of Allotment of Shares”?

The “Return of Allotment of Shares” is the process of adding new shares into a company. For example, a company formed with 1 share can complete a “Return of Allotment of Shares” (also known as the SH01 form) and increase the number of shares to a new amount.

A guide to forming a UK company as a non-UK resident

If you’re from outside the UK and are considering setting up a UK company, you may feel daunted by the amount of work involved. Doing it at a distance can seem like an impossible task, but when you break it down, it’s entirely achievable.

What happens if I miss my Confirmation Statement or Annual Accounts deadline?

All limited need to file a Confirmation Statement and Annual Accounts on a yearly basis. Even if they’ve never traded.

Your Making Tax Digital Questions Answered

You may have heard a lot about digital tax recently, as the government’s ‘Making Tax Digital’ (MTD) initiative ramped up at the start of the new financial year. Eventually, business owners across the UK will be affected by MTD but many are still unsure about what digital tax really means and how it will affect them.

Starting a property rental business: is it worth it?

In recent years, it’s been tougher for property rental businesses in the UK. 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?