If you’re just getting your business off the ground – or even if you are already an established company – you may be thinking about writing a business plan. But writing a business plan can be time consuming and difficult to start, so much so that one of your first thoughts may be “Do I really need to do this?” Whatever your business, the answer to this question is yes – and here’s why.
Knowing all of your options before committing to a business decision is a no-brainer. But did you know it’s important to know all of your options before purchasing a ready-made company? We offer a number of additional products and services that can be crucial to the development of your business. Our top 5 company add-ons are listed below.
Most people do not want to consider or talk about what happens when a business partner dies. However, it is an important part of planning when forming a business in order to avoid struggling to implement the next steps for the business during a difficult time.
Under new insolvency rules, if under restrictions from bankruptcy directors can now be disqualified from acting as a limited company director.
A minimum of one director is required to register a company. Following registration, your company must have at least one director, but there is no statutory limit to the number of directors a company appoints during or after incorporation.
In order to comply with the rules under the Companies Act 2006, there is a lot to think about when forming a limited company. One obligation is that your company must affix or paint its name on the outside of its registered office and every office, factory or place in which its business is carried out.
If you don't know how to draft the minutes of the first board meeting we can advise and prepare the appropriate legal documents for your signature.
It is a common concern that if your company begins to fail, you could be affected personally with debt. Registering as a limited company can therefore give you added protection should things go wrong.
The Companies Act has many safeguards for your protection, and all limited companies are now formed in accordance with its provisions. By law a limited company is a separate legal concern, quite distinct from its shareholders and directors. The director and the company, therefore, have quite separate rights and separate existences, meaning more protection for you.
Stamping your company name as your own to protect the name from competition is highly important. Unlike a business name or partnership, registration protects your limited companies name. This means by law, no-one else can use it.
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