Company Formation Guides

Find out everything you need to know about forming and Running Companies from Company Formations 24.7.

Person of Significant Control (PSC)

As of the 30th June 2016 you will be required to submit additional information relating to People with Significant Control when incorporating a company. This guide will provide an overview of why this is required, what a Person with Significant Control is and what information needs to be supplied.

Setting Up A Limited Company

Find out everything you need to know about setting up a limited company in our helpful guide. For many people, founding a new business and becoming a Company Director can be complicated – but you can get to grips with things like taxes, company registration, VAT and more with this helpful resource.

Advantages & Disadvantages of a Limited Company

From tax liability to payroll, VAT to PAYE – there’s a lot to weigh up when deciding whether or not to form a Limited Company. Get the answers you need and the information you require from our helpful guide, which assesses the advantages and disadvantages of a Limited Company.

Sole Trader vs Limited Company

Are you better off as a sole trader, or as a Limited Company? Find out with the information contained in our guide. We cover in detail key differences such as your tax and debt liability, your rights and responsibilities, dividends and salary payment, and other important deciding factors.

Umbrella vs Limited Company

If you’re confused about whether you would be better off working through an Umbrella Company or a Limited Company, consult our guide. It contains advice about the differences between the two, the pros and cons when it comes to PAYE, NICs and Income Tax, and how each structure impacts your take-home pay.

Franchising

Getting to grips with Franchising couldn’t be easier thanks to help from our guide. You’ll find out what it means to be a franchiser or franchisee, the benefits and drawbacks of this method of self-employment, along with cost implications, marketing plans, and much more important information.

Registering A Company Name

What’s in a company name? Moreover, how can a formation company help you register the perfect moniker? We cover this in our guide, along with naming dos and don’ts, stipulations for choosing a company name, who can choose and register a company through Companies House, and how we can help get the paperwork right.

Running A Limited Company

Running a Limited Company can be made that much easier with help from our guide. We look at the core responsibilities of Shareholders and Company Directors, along with day-to-day operational obligations. We also clarify important things such as tax deadlines, VAT thresholds, filing company accounts and managing staff.

Person of Significant Control (PSC)

A PSC is any person that exerts significant influence or control over a company. As of the 30th June 2016 you will be required to submit additional information relating to People with Significant Control when incorporating a company. This guide will provide an overview of why this is required, what a Person with Significant Control is and what information needs to be supplied.

Expenses

Are you up to date on allowable limited company expenses? Get all the information you need in our helpful guide. We’ll show you what qualifies as a legitimate business expense (and what doesn’t), what paperwork you will need to submit them, along with how and when to avoid penalties.Are you up to date on allowable limited company expenses? Get all the information you need in our helpful guide. We’ll show you what qualifies as a legitimate business expense (and what doesn’t), what paperwork you will need to submit them, along with how and when to avoid penalties.

VAT

Find all the information you need pertaining to Business VAT in our helpful guide. Discover more about the VAT threshold and whether your business should be charging Value Added Tax, along with information about the different rates, the ins and outs of VAT returns, and the benefits of being VAT registered.

PAYE

If you need help setting up and paying Pay As You Earn (PAYE), our insightful guide is at hand. We cover the essentials – your personal allowance, PAYE for employers and employees, and how it is payable – along with extra information about workplace pensions and other deductions you need to make as an employer.

Dividends

Understanding dividends is easy with help from our informative guide. We take a look at what these payments are, who they are made to and when, and offer further advice about National Insurance, the range of tax brackets, and upcoming changes to the way in which dividends are taxed.

Director Responsibilities

If you are a Director of a Limited Company, learn more about your rights and responsibilities with our helpful guide. You can learn more about the role and what it entails on a daily basis, along with your legal responsibilities when it comes to things like loans, self-assessment and National Insurance.

Company Responsibilities

Know your annual return from your annual accounts? Learn the difference, along with other must-have information, in our guide to Limited Company Responsibilities. We cover everything from everyday responsibilities to legal obligations when it comes to things like VAT returns and cease trading/closing a company.

Annual Return

Do you need help with preparing and filing an annual return? Make life easier, and get expert advice from our helpful guide. We take you through what this document is, when it is due to Companies House, what you need to do as Company Director, and what fees are applicable.

Company Tax Return

If you need help filing your Company Tax Return with HMRC, turn to our guide for advice. We cover all the basics such as what is required and when, and we also detail the finer points such as how to lessen your tax liability, delivery deadlines and penalties, and how to pay your tax.

Company Secretarial Duties

Thinking of appointing a Company Secretary? Find out what you need to select the right candidate, along with other helpful information, in our guide. We’ll explain the role, rights and responsibilities, the benefits and drawbacks of having a secretary, how to remove a secretary, and more useful information.

Shareholders

Shareholders own a Limited Company, but don’t run it – so what exactly is their role within an organisation? Find out about shareholder rights and responsibilities, dividend payments, documentation, appointing or removing shareholders from a Limited Company, and much, much more in our informative Guide to Shareholders.

Making A Company Dormant

If you are making a Limited Company dormant, get all the help you need to do this legally and easily with our useful guide. We provide practical information about why you would choose to make a company dormant, how this impacts your liabilities regarding annual accounts and returns, and how to reinstate a status to “active”.

Closing A Company

When it comes to closing your Limited Company, get the information you need about liquidation in our guide. We go through the steps required when it comes to closing a business, along with debt liability and payments, insolvency, forms and paperwork, and other useful advice.

Starting A Business

Starting a business is no mean feat. In our guide, we cover all areas such as writing a business plan, creating a brand and logo, company growth and insurance.

Writing A Business Plan

Without the help of a professional, writing a business plan can become difficult.

Business Funding

Trying to generate capital to fund your new venture can seem impossible, but there are a number of ways in which you can find the funding you need to turn your dream into reality – and a profitable one at that.

Choosing the Right Company Structure

There are a number of different ways you can structure a business, and the kind you choose will depend on a number of factors. The most often used frameworks for companies are sole trader, limited company (LTD), and a limited liability partnership (LLP).

Choosing A Business Bank Account

At its most basic, your business bank account will enable you to receive and make payments. However, there is often a need for extras that could cost you more or less depending on the account and bank you choose.

Creating a Brand and logo

Whether it’s the iconic apple symbol or the Nike “swoosh”, logos play a large part in making the public aware of a brand. These symbols have become synonymous with these companies, and it is this kind of immediate association that you should aim for when selecting your logo.

Expanding Your Team

Adding employees to your staff can be an exciting time, but expansion should be carefully thought out to avoid costly mistakes.

Marketing Plan

It includes your marketing objectives, along with a clear strategy that defines how you plan to reach these objectives.

Creating A Website

Creating a website has become incredibly easy in recent years, with many different options now available. From WYSIWYG (What You See Is What You Get) drag-and-drop designs to ready-made templates, professional website and mobile web design, there are plenty of ways you can bring your brand to life online.

Promoting Your Website

This means your website is Search Engine Optimized (SEO), or designed with elements in mind that ensure your website ranks well among search engine results pages (SERP).

Choosing Office Space

Your work environment not only impacts things like productivity, but also plays a role in how your organisation physically develops.

Choosing An Accountant

A good accountant can ensure your books are balanced, that your business is operating tax efficiently, and that all legal filing deadlines are met.

Do I need Business Insurance?

This is to protect you as a business owner in the event there is a workplace accident or injury; should your employee then claim compensation, your insurance will cover the pay-out rather than yourself. Depending on the type of work you do, there are also other types of business insurance that you may require.

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