Thursday, June 15, 2017
Start your dream company with us. Global Company formation Uk provides the best company formation packages in Uk. we are based in london and provides 24 hours customer support.
The services offered in a professional environment and a dedicated team will look after your business from day one.
Wednesday, March 29, 2017
Monday, March 27, 2017
If you have set up a limited company, there are a number of duties you will have for e.g. legal and financial responsibilities, if you are a director of a company. The Companies Act of 2006 outlines some of the duties of a company director
Duties of limited company directors
Duty to act within your powers as a company director
Duty to promote the success of your company
Duty to exercise independent judgment
Duty to exercise reasonable care, skill and diligence
Duty to avoid conflicts of interest
Duty not to accept benefits from third parties
Duty to declare interest in proposed transaction or arrangement with the company
As a company director, you have several accounting-related obligations. Although you should employ a business accountant to perform all (or most) of these tasks, you are ultimately responsible to ensure that all tasks are carried out:
Keep good accounting records from which accounts can be prepared which give a true and fair representation of the financial position of the company.
You must submit accurate company accounts, and file them on time with Companies House.
You must submit your corporation tax return (Form CT600) to HMRC and pay any tax liabilities due.
You must deal with the correct payment of staff (and yourself) – including the deduction of income tax and national insurance contributions, where they apply.
You must trade solvently, ensuring that you are able to meet the financial liabilities of your business. Legal responsibilities of company directors
You are responsible for completing and filing a Confirmation Statement or annual statement every year as it was previously called.
To produce and maintain a register of Persons with Significant Control (also known as a “PSC register”). The PSC Register must be filed, as part of the Confirmation Statement, with Companies House annually.
To submit forms to Companies House to notify of any changes in the particulars of company director(s) or company secretary.
Notify Companies House if you change your registered company address.
You must always act in the interests of the company shareholders. This means that the directors cannot enrich themselves in a way that damages the company.
Labels: Director Responsibilities
Saturday, March 25, 2017
Friday, March 24, 2017
Tuesday, March 21, 2017
Majority of the companies registered at UK are private limited companies by share. This is a popular structure because directors can be anywhere from the world, they need not be a UK resident. He can run his business from his home country. You just need a registered office address at UK.
Director and shareholder can be one and the same person.
Formation takes only 3 hours.
Company formation is completely an online process. There are no documents to sign.
UK registered address: no need to separately hire a place for a starting company. They can use their home address / accountant address.
At the end of the financial year, accounts must be prepared and filed with Companies house and tax office (HMRC) before their due dates.
For Companies House: Accounts should be filed within 9 months of the financial year end.
For Tax office (HMRC): Tax return should be filed within 12 months after the end of the accounting period it covers. If tax liability is there, Corporation tax should be paid within 9 months and 1 day after the end of the accounting period.
3. Cost: Cost for forming UK ltd Company is £ 13.
4. HOW CAN WE HELP YOU?
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Deciding on the Business Structure
Once you have decided on starting your company the next step is to decide which business structure to choose. You must look at the pros and cons, the ongoing filing and the tax related matters. There are four main start-up structures. They are mainly:
Limited Liability company or partnership (LLP)
Public limited Company (PLC)
Develop your Business Plan UK
A business Plan is a key factor for start-up and taking your business ahead. It is a road map that helps you to your goals. Having a business plan has proved to be a vital factor in the initial phase of the business no matter whether your business is big or small. Writing a business plan helps you to prioritize your company’s goals and pin down how you will attain it. It can include your market research, strategies, product development, finance and investment plan, etc.