In a UK limited company, directors and shareholders have distinct roles, responsibilities, and rights, although sometimes an individual can hold both positions. Here’s an outline of the key differences: 1. Role and Responsibility Directors: Responsible for managing...
If you’ve recently started a limited company in the UK, one of your key responsibilities is to How and When to Register for Corporation Tax with HMRC. Corporation Tax is a tax on the profits your company makes, and it’s mandatory for all UK limited companies to report...
Receiving a late filing penalty from Companies House can be stressful, especially if it catches you by surprise. However, it’s important to address the issue promptly to avoid further complications. In this article, we’ll guide you through the steps to take when...
Starting a company is an exciting venture, but not all companies begin trading immediately and many choose to remain as a Dormant Company If your UK company never traded or if your company is considered dormant, you still have certain obligations when it comes to...
Closing a UK company, also known as dissolving or winding up a company, involves a structured process governed by legal requirements. Whether your business has ceased trading or you wish to retire, understanding the steps involved can help you navigate this transition...
When you form a UK limited company, managing and maintaining its legal status requires attention to detail and adherence to regulatory requirements. One of the essential elements in this process is the Companies House authentication code. This unique code is crucial...
