How to set up a limited company – the basics
Everything you need to know about setting up a limited company in the UK. Make sure you read this guide before you start the formation process.
Limited company or sole trader – which is best for me?
One of the first tasks you will have when starting up your business will be to decide whether to set up a new limited company, or become self-employed.
Running a limited company – what is a service address?
If you’re a company officer – typically a director or secretary – you need to provide Companies House with a correspondence address to receive official paperwork. This is also known as a ‘service address’.
Steps to remove a limited company director
In this comprehensive article, we will explain the essential steps on how to remove a director of a company. We also explore various other critical considerations that must be taken into account throughout this process.
Getting a mortgage as a sole trader vs. limited company owner
If you work for yourself and want to buy a property, you'll have to prove your income to your lender. We look at how the mortgage application process works for both sole traders and limited company owners.
What does limited liability mean if you are a company director?
One of the main benefits of trading via a limited company is that - if things go wrong - directors are not personally liable for the company's debts, unless they…
What is the registered address of a limited company?
In this article, we explain what the purpose of a registered address of a limited company is, why you need one and how to change your registered address if you relocate.
Can directors be personally liable for a company’s debts?
A director can be held personally responsible if they allow the company to carry on trading after it became clear that it would go into liquidation.
Set up a limited company via 1st Formations
Setting up a limited company is a significant milestone for a fledgling business. The incorporation process may seem daunting if this is the first time you have become a company…
Limited Liability Partnerships – What is an LLP?
An LLP shares many of the features of a partnership, but also offers its members limited liability from any financial problems the business may face in the future. Here we…