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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.
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 […]
This guide will cover all crucial questions from: the meaning of a dissolved company, to what it means if your company status is dissolved, what the process of dissolving a company is like and what happens after you dissolve a company.
What Is a Dormant Company? Companies not engaging in business activity or generating revenue through trading are tagged as “dormant” or inactive. However, they must still be registered under Companies House for tracking purposes. Dormancy can take effect from the date of incorporation or after a trading period. Additionally, businesses that have permanently ceased trading […]
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 […]
This blog will guide you through the process of registering a dormant company, covering all the steps, legal requirements and ongoing obligations you will face as a dormant company owner.
Your business’ branding begins with your name, so it is imperative to protect your company’s name. A protected name means that no other business can poach your name and you don’t incur the cost of a rebrand in case you lose your business name later down the line. There are a few ways to secure […]
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.
Today’s blog will explore how much it costs to form a limited company or LLP and places where you can save or splurge during the process.
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