Majority of UK Businesses are Sole Traders

When starting a new business many people choose to create a limited company. There are many reasons for doing this. Forming a limited company offers some protection for your business name and a lot of suppliers and potential customers prefer it. Being registered means you have to file your accounts every year with Companies House …

New Year, New Company: Checklist

If you are one of the hundreds of people every year whose New Year’s resolution is to start a business then congratulations! Starting a new business can be both exciting and stressful but it does not need to be overly complicated. Below we outline the basic steps you need to take to get your new …

The Most Popular Months for Company Formations

January is traditionally quite a busy month for company formation agents. Lots of people make a New Year’s Resolution to finally start that company they have been talking about for years. We therefore expect to have a bit of a rush of new Companies being formed in the New Year. When we took a look …

1 in 4 Workers are now Freelancers

It seems that there is a national day for everything these days and this week we have National Freelancer’s Day. Freelancing is becoming a more and more common career route, currently about 4.2 million people in the UK freelance; 14% of the workforce. In part this is due to a lack of full time jobs …

What are Articles of Association?

When you set up a limited company in the UK there are lots of bits of paperwork to deal with. One of the most important is the articles of association. These are the rules by which your company will run. They determine things like how directors are appointed, how much they get paid and how …

Dealing with a Bad Company Director

When people set up a business with their friends or family they often do not give much thought to what will happen if they fall out. Often a company director can lose interest in a business project or get a better offer elsewhere. In a few cases they may perform badly or jeopardise the company …

Why we don’t provide Company Seals

About once a month someone asks us to provide them with a company seal or company stamp. Unfortunately we have to explain that, unlike some other company formation agents; we don’t provide company seals as part of our formation packages. Our reason for not offering them is quite simple. They have not been legally required …

What is a trade mark?

Trade marks are part of your intellectual property. Intellectual Property is a way of identifying who owns an idea. If an idea is covered by Intellectual Property then it is protected. Anyone who wants to make money from that idea has to ask permission and may have to pay. Not all ideas can be covered …

What is a Limited Company?

  Depending on whose figures you believe there are anywhere between 1.3 and 2.5 million limited companies in the UK. This makes Limited Companies one of the most common ways to run a business. In fact there are several forms of limited companies. These include Public Limited Companies (PLCs) and Companies Limited by Guarantee. The …

What does your Company Name Mean?

If people are searching for a plumber and they find a company called “Smith & Sons Plumbers” they know what they are getting. However there are a number of successful companies who have deliberately gone the other way and chosen company names with little or no meaning. Rob Kalin the head of online marketplace Etsy …