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…
Persons with Significant Control – what are they and how do you create a PSC register?
Since 6th April 2016, nearly all UK companies have been required to maintain a register of Persons with Significant Control (also known as a “PSC register”). The PSC register obligations…
Responsibilities & duties of a limited company director
If you have set up in business via a limited company, there are a number of duties you will have – as well as legal and financial responsibilities – if you are a director of the company.
This article explains who can be appointed as a director, and what your duties will be if you are appointed to the role.
What does a limited company secretary do?
The role of a limited company secretary is essentially an administrative one, but can involve a number of important responsibilities depending on the wishes of the company’s directors.
What is a Memorandum of Association?
The Memorandum of Association is one of the three documents you need to complete when registering a new limited company. The other two items you need to submit are Form IN01 and the Articles of Association.
Company Formation – what are the Articles of Association?
When you form a new limited company, one of the three documents you need to provide is the Articles of Association. The other forms you need to submit to Companies…
How to choose the right business name for your new enterprise
One of the first things all business owners have to do is to choose a good name for their enterprise. Unlike other decisions you may make along the way, your business name could be with you for quite some time, so it is worth spending time to get it right first time.
What do I need to know about a Preference Share issue?
A limited company can have many classes of shares. These can be ordinary shares, preference shares and redeemable shares. The articles of association usually set out the rights of these shares while allowing the directors to issue shares with such rights and restrictions as determined by ordinary resolution.
What is a Shareholders’ Agreement, and why your limited company should have one
When you start a business with someone else, it’s always a good idea to lay down some rules on important issues, such as; how you will run the company, your respective responsibilities and what happens if someone wants to leave the business. Agreeing on how you will handle these, and other important matters, will save a lot of anguish down the line.