What is a SIC code? For someone just starting out in business and wanting to officially register their business with Companies House, there are a few regulatory requirements that you need to apply to your business. One of these requirements is allocating an appropriate SIC code. Every registered UK company must report a SIC code. But what exactly is a…
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What are the Responsibilities of Setting Up a Limited Company? Because setting up a company can be such a quick and painless process, it is easy to forget that there is more to it than just registering your business name with Companies House. Whether you do the job yourself or use a company formation service, once the business is established,…
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Top Tips to Running a Business from Your Home In the last few years there has been a massive increase in the number of people who are becoming self-employed or starting their own small business. From freelance accountants and bookkeepers to odd job people and even fashion designers, more and more people are setting up on their own and for…
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What is a Director’s Service Address? Every limited company needs to have at least one director as part of its company foundation along with at least one shareholder, though they can be the same person. There are certain responsibilities with being a company director and certain things you need to disclose to a public register. One of these is an…
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Closing or Dissolving a Company There are any number of reasons why the life of a company has to come to an end ranging from insolvency through to having served its purpose and no longer being required. Whatever the reason, there are a series of processes to follow to close or dissolve a limited company. Reasons for closing a company…
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How to register a new company in the UK Whether you live in the UK or merely want to trade here, there are various ways to register your company and make yourself official. Fortunately, long-gone are the days of lengthy paper form filling and waiting for everything to be completed at a snails pace. These days you can form a…
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How non-residents can get a UK Bank Account While it is a pretty straightforward process for a UK resident to open a business bank account here, it can be a little more complicated for a non-UK resident. Although it is not a legal requirement for you to have a separate bank account for your business, it will be wise for…
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20 top tips for getting the most out of google search Google is the number one search engine across the world and is the search engine of choice for everyone from big businesses assessing their competition, students for conducting research, to millions of people who use it for shopping and entertainment purposes. It is almost like second nature for most…
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How to Create a Business Plan A business plan is an important piece of information, so you should take care to make sure your create one that will form a solid foundation for you to build your business upon. Simply put, it is a written document that accurately describes your business, outlines your business objectives, what strategies you plan to…
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Formations companies have seen a steady growth in the level of sole-trader or small entrepreneurial company registrations over the past few years in the UK. Something that a study conducted by insurance firm RSA confirms and claims that UK businesses are increasingly "micro" in size – and is something that is having a large impact on the economy. The UK…
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