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How to keep your trade up to speed in a no deal EU exit?

The Government’s top priority is to leave the EU with a deal. But, as a matter of responsibility, the Government has also accelerated “no deal” preparations to make sure the country is on guard for every eventuality. If the UK leaves the EU without an agreement, the businesses in the UK will have to apply excise, customs and VAT procedures to goods traded with the[…]

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What are the key responsibilities of a company director? (…7 important statutory requirements of a director)

You might have recently taken on the role of a company director. Are you aware of the legal requirements that a director should follow? Next, to the director appointment, he/she will be expected to fulfill certain duties to the shareholders, employees, and the company itself. The company director is finally held responsible (blamed) if deadlines are not met, or if a terrible fault is made.[…]

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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 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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How to change the SIC code after Company Registration

How to change the SIC code after company registration? Let me explain briefly what the SIC code is before we talk about changing the code. Every industry in the UK is allocated with a Standard Industrial Classification code (SIC) that outlines the nature of a business and is required as part of the company formation process. The SIC code list is comprised of different categories[…]

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