What Is a Sole Trader?
A sole trader is a person who runs a business on their own, with no legal separation between themselves and the business they operate. This is one of several business […]
Proof of ID Requirements for Setting Up a UK Company
If you are planning to set up a new UK company, you will need to meet the proof of ID requirements before Companies House will accept your application. The proof
How to Start a Business in the UK – Key Considerations
Starting a business in the UK involves far more than registering a name. Before you begin trading, you will need to think through your business plan, market research, funding, costs,
An Introduction to Company Formation in the UK
If you have come up with a business idea for a new company, your next step is company formation. Company formation in the UK creates a separate legal entity that
What Is a Company Formation Agent: Role and Services
A company formation agent is a business that handles the registration of limited companies and other legal entities on behalf of clients. Formation agents prepare the required documentation, manage the
Companies House Identity Verification and AML Due Diligence: Key Differences
Setting up a UK limited company involves two separate identity checks that, understandably, are often confused. Identity verification under the Economic Crime and Corporate Transparency Act 2023 (ECCTA) and anti-money
High-Risk Jurisdictions when Registering a UK Company
When registering a UK company, your country of residence – and in some cases your citizenship – can mean extra compliance checks under anti-money laundering rules. This page explains what
What Is a Company’s Memorandum and Articles of Association?
Every UK limited company is formed with two key documents in place: the memorandum of association and the articles of association. One records the fact that the company was created.
Limited Company Advantages and Disadvantages – A Complete Guide for UK Business Owners
Running a limited company offers real benefits like protecting your personal assets and saving on tax, but it also comes with extra costs and responsibilities. Getting this decision right from
What is a Holding Company?
A ‘holding’ company is an entity that has been created to own and control shares or assets in other companies. A recent survey of UK accountants found that around one-third