Blog

In 2016, Scotland saw a below UK rate for new company formations. This was against the trend across the UK.

If you are wondering if setting up a company in the UK is a wise decision then think again. There have never been as many new company formations.

There are no restrictions on where a director of a UK limited company is resident. Many companies are formed with non-UK residents as the company directors.

SIC stands for Standard Industrial Classification and is a 5 digit numerical code provided to Companies House when you register a new company.

Why should you register a limited Company? There are many benefits associated with forming a limited company. Here we summarise the top 5 reasons.

Branding and trademarks are synonymous with the image of a company. Registering a trademark is a means of protecting your brand or idea.

A good product and a strong work ethic may be a starting point for a successful company but there are many other aspects of running a company that are core to its sustainability. Outsourcing offers an opportune approach to freeing up your spare time allowing you to focus on your strengths.

If you are looking for a business bank account there are an abundance of options available to you. Different accounts can benefit you in different ways and several questions are raised when deciding what is best for you.

There are several ways that a company can distribute profits to the directors/shareholders. Payments can be made by salary, dividend, expenses and benefits depending on your personal circumstances. Hopefully your limited company is making money and you need to pay the company directors and shareholders an income. There are several ways this can be done.

UK companies have a legal responsibility to maintain accurate company registers. These statutory books should accurately record company information for inspection.