How to correctly take money out of a Limited Company
How to take money out of limited company? Just like an individual person, limited company is separate entity in eyes of law, so one cannot simply takeout the money from the business account as if it was their personal bank account. Legally the company is the owner of...5 Advantages of setting up a limited company.
5 Advantages of setting up a limited company. With over 2,700,000 companies incorporated in the UK, sole proprietorship is a great idea for one or more of the following reasons. 1 It is easy and quick to get going It is very easy to start a company, and a lot of it...Memorandum and related articles
Memorandum and related documents explained Both memorandum of association and related products are required for an established company in the United Kingdom under the Companies Act, 2006. The Memorandum of Association is a document establishing the company and the...What to do if a director resigns?
What to do if a director resigns? The director and the company secretary will usually change the life of a company. Changes can arise however, for a variety of things such as: • Reaches retirement; • The director’s death...