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• 05.20.09
  Using a business or company name Set up and register the business | (1)

  There are rules for choosing a business or company name. And there are rules for using one, too - explained here. Remember, a business name is the name you trade under. Someone who is self employed (EG a sole trader) doesn't have to have a business name (you can trade under your own name, instead). A limited company can trade as itself, or under a business name. Rules for displaying your name If you do use a business name, there are rules you must follow. Essentially, you must disclose the name and address of the person or company behind the business name. Rules for ...

  Tagged: business name, limited company, sole trader
  
• 05.20.09
  Choosing a business or company name Set up and register the business | (1)

  Getting your business or company name right is important - it gives people a first impression of your company, and you might print it on stationery, business cards, a plaque for your office and even the company van if you have one. So you don't want to change your mind later. You don't NEED a business name if you're a sole trader or partnership - you can just trade under your own name. If you choose a business name, there are rules to follow when choosing one. And if you're a limited company, there are even more rules when choosing a name ...

  Tagged: business name, limited company, partnership, sole trader
  
• 05.19.09
  Corporation tax and new companies Corporation tax | (0)

  You must register your new limited company with HMRC and tell it that you are liable for corporation tax. This is separate to registering at Companies House (although Companies House will tell HMRC as well, you must do it yourself anyway using the right form). Introduction pack HMRC will send you an Introductory Pack. This will include various forms and notes. It will also have form CT41G - New company details. Send this to your Corporation Tax office a soon as you can - you must do it within 3 months. What CT41G aks for The form's not that complicated It asks for: Your company's registered name ...

  Tagged: Corporation tax, limited company
  
• 05.12.09
  Tax: limited company vs self employed Company, partnership or sole trader | (2)

  One of the key questions is which way you'll pay less tax and national insurance - by being self-employed or as a limited company. The questions isn't that simple (it costs more to run a limited company, for a start), and there are other considerations, such as your personal liability for the business's debts. But a limited company is likely to give you more flexibility to pay yourself in a tax advantageous way. That's because if you're self-employed as a sole trader, YOU are the business. If your business is a limited compnay, it is seen as a separate legal entity. With a ...

  Tagged: limited company, NI, self employment, tax
  
• 05.12.09
  Starting up as a limited company: checklist Set up and register the business | (0)

  Use this checklist when starting up in business as a limited company. What you must do Choose a unique company name Register at Companies House Submit your annual accounts and annual return each year to Companies House Tell HMRC you will be liable for corporation tax Pay tax and NI for any employees (including yourself - and you must comply with minimum wage legislation, even for yourself). Get a business bank account for the company. Get headed paper printed, making sure it includes your company registration number, address and a VAT number if applicable. Choose a director (you if it's just your company - and mkae sure you understand ...

  Tagged: limited company
  
• 05.06.09
  Limited company: pros and cons Company, partnership or sole trader | (7)

  If you set up your business as a limited company, it means it's a separate legal entity - which has some pros and cons. You're protected from its financial problems - but in exchange, there are restrictions on getting the money out and more onerous reporting requirements. It's also easier to arrange your finances to minimise tax with a limited company than with the common alternative, sole trading. Limited company: overview If your business is a limited company, it is owned by its shareholders. Even if you are the only shareholder, the business's assets and liabilities are separate to yours: You are protected from ...

  Tagged: limited company