You’ll be in good company. The vast majority of the UK’s 5.8 million self-employed — 59% — are registered as sole traders. This stands to reason. Registering as a sole trader is easy and inexpensive to do, so it’s the ideal way to test the waters of self-employment.
One of the first and most important decisions you make when you set up a new business is to decide what type of legal structure you should work under. So which business structure is best for you?
Aside from the sole trader route, the limited liability company is the most popular business structure to trade under in the UK.
One of the great advantages of trading through a company is to take advantage of ‘limited liability’. This means that, unless you have personally guaranteed a liability – for example to a bank or landlord – then as a director you are not responsible for the company’s debts if it goes bust.
Marketing and PR can be difficult propositions for small businesses, where funds are often tight and need to be stretched as much as possible. However, by following a basic process, you can maximise the effectiveness of any PR campaign you embark upon – and gain extra ROI by making your campaign wide-ranging in terms of […]
To form a limited company in the UK, you must complete Form IN01. In this article, we look at the information Form IN01 captures, and how this information is used by Companies House.
Peijun Xia, Solicitor of Sykes Anderson LLP’s Company Commercial Department discusses some of the basic legal requirements of the E-Commerce Regulations that businesses selling and advertising on line must be aware of and complied with
Ben Hopps solicitor in Sykes Anderson LLP’s Litigation and Dispute Resolution Department discusses problems that can arise when buying the shares in a company from a buyers’ perspective.