What is an SME?

As a provider of company formation services to startups we take an interest in how government views and defines small businesses. Articles have been written denouncing the SME term and claiming that large corporations don’t understand how to talk to small businesses. Meanwhile the UK’s small business sector has been compared unfavourably with Germany’s Mittelstand …

Data Protection Day And Your Business

The 28th of January 2011 represents the 30th anniversary of the European Convention for the Protection of Individuals with regard to the Automatic Processing of Personal Data (Convention 108) and what is known as “Data Protection Day”. This Convention was put into place to ensure that private data is protected for misuse which might cause …

Advantages And Disadvantages of Data Protection Registration

Running a new limited company or small business, you will necessarily be dealing with all sort of different personal data and information. The Data Protection Act 1998 puts a number of obligations on business to ensure that this data is not abused or used in a way which might compromise the customer or private individual …

PAYE Registration – Employment Obligations

Running a small business or new limited company, you have an obligation to register for a PAYE scheme with HM Revenue & Customs if you intend to hire employees (or even if you intend to pay yourself a salary as a director of a limited company) before you can page the appropriate wages/salaries. What is …

Data Protection Breach First Fine Issued £100,000

I previously wrote about the legal obligations of company directors when it comes to Data Protection Notification – warning that under the law (S.55A of the Data Protection Act 1998 and The Data Protection (Monetary Penalties) Order 2010) the Information Commissioner’s Office can now issue fines of upto £500,000 to companies and organisations in breach …

High-Profile Business Re-Branding Examples & Things To Consider

I’m a currently working on an article on a number of famous companies who have changed their name for one reason or another over the years. While investigating I also found a number of interesting instances where high-profile businesses have been forced to re-brand and these examples might also be useful to new entrepreneurs thinking …

Young Entrepreneurs Being Encouraged With New Scout Badge

It seems the Scout Association is keen to encourage entrepreneurs to start young with the introduction of a new “Entrepreneurs Badge” for scouts. Brain child of Richard Harpin, Chief Executive of domestic insurance company Homeserve PLC, the badge is intended to foster the business spirit of potential young budding entrepreneurs. Most interesting is the scout …

7 Questions To Ask Before Starting Your Own Business

Before starting your own business it’s important to ask yourself a number of questions. Not least of which is why are you going into business? If you can coherently answer these questions then you are more likely to have a successful business than if you cannot. Many people rush into business and it ends in …

Unfortunate Domain Names

I previously wrote an article on Amusing and Rude Company Names it has recently come to my attention that amusing names is not limited purely to company names.A number of newly formed limited companies and individuals have picked some rather unfortunate domain names for their website. The list clearly illustrates why it is important to …

Struck Off The Register – Company Restoration

Sometimes the unfortunate happens and a limited company is involuntarily struck off the register. In most cases this is due to the failure of the directors to comply with the filing requirements. It may well have been accidental. Quite often companies neglect to let Companies House know about a change to their registered office address …