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How to handle disputes between shareholders? (Or death of a shareholder)

Reasons for shareholder disputes: Common reasons for shareholder disputes are disagreement with the management or company’s direction, conflicts of interest or fraudulent activities. Above all removing a shareholder from a limited company is often rocky and it causes tension among business partners. Hence adding a dispute resolution clause in the shareholder’s agreement or articles can save a great deal of time and money. 1. Steps to[…]

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How to remove a shareholder from a limited company? (…and how to transfer shares to a new shareholder)

A shareholder can leave a company for a variety of reasons. The board might have decided to remove the association with a shareholder, or shareholder might want to voluntarily get removed from the position or simply be removed due to death. After removing a shareholder, a company cannot hold any unallocated shares as per company regulation. Hence the shares of the eliminated or removed shareholder[…]

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What is a business plan? (…and how you can write one)

What is a business plan? At its simplest form, a business plan is a written guide or simply a roadmap for your business. It plainly outlines your business goals and how you are going to accomplish it. A well-drafted business plan enables both partners and investors to understand what you are trying to achieve and how you are going to do it. Why should you[…]

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How to start a new business in UK? (….and what 8 points you must consider)

Are you planning to start a business in UK? Have you begun looking for advice? If so, we can help. There are numerous things to consider if you are in the process of setting up a business in the UK. UK based start-ups need practical help to keep pace with the legislation and regulations that govern UK business activity. This article talks about the 8[…]

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Why should I register as a sole-trader? (…and when/how should I do it)

A person who sets up and owns their own business is called a sole trader or self-employed. It is the simplest and easiest way to tell the government about your business activity. It is a kind of business structure that is popular among freelancers. Sole trader registration would be the right option for you if you are starting a small business on your own or[…]

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Is it worth insuring your business? (…and what if you don’t)

Some new business owners consider business insurance as an unnecessary initial outlay. Is it really worth it? Should you get it for your business? Business insurance is considered as an investment that holds you up when you fall flat. A business can be insured in four different aspects: capital, asset, health, and life. What are the benefits of business insurance? Stay protected from loss of[…]

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What are the difference between registered office address and virtual office address

What is the difference between the registered office address and a virtual office address? When you register a new limited company through a formation agency, you get a choice to choose both registered office address and a virtual office address. Most new business owners find it difficult to understand the differences between these two addresses. Everyone wants their new company to be perfect and compliant[…]

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Will Brexit impact UK limited companies

Will Brexit impact a limited company in the UK? The world today is increasingly globalized and successful companies are those that function worldwide. Britain has always offered great options to business owners and paves way for trouble-free global expansion. As Brexit is nearing, no one knows for sure what will happen during or after the negotiations. Though there is no clear way forward, we wanted[…]

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How to protect your limited company from fraudulence

How to protect your limited company from fraudulence? Company Identity Theft is a far more realistic problem as it leaves a company exposed to further fraud. Fraudsters are known to hijack and change certain important details of a company such as the director’s information or registered address. Identifying the potential threats and knowing how to deal with the risks can go a long way towards[…]

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How to get your companies Unique Tax Reference

How to get your companies unique tax reference? Unique Tax Reference sometimes referred as Corporation Tax Reference is a 10-digit number either for you or for your company. Once your company is formed, Companies house notifies HMRC (Her Majesty’s Revenue and Customs) about your newly registered company. HMRC, in turn will register all the information about your company in their database and release a letter[…]

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