I’m setup as a sole trader but someone has suggested I should operate as a limited company. How do I decide and what is best for me?
One of the most important decisions to make when going into business is whether to trade as a company or as a sole trader. The decision has consequences for tax, legal and financial responsibilities and the amount of administration you will need to complete. Whilst there is no straightforward answer, we have given a non-exhaustive … Continue reading I’m setup as a sole trader but someone has suggested I should operate as a limited company. How do I decide and what is best for me?
The rights of a shareholder depend on the rights attaching to their shares under the company’s articles of association, the Companies Act 2006 and any terms given to that class of shares by the company. In order to give different rights to different groups of shareholders, a company can have different classes of shares. There … Continue reading The Company in which I hold shares has different classes of shares, what are my rights?
We live in a world where gradually everything is moving online and the Probate Registry has now decided the time for them is now! On 30th September the government has responded to a recent consultation and confirmed that probate applications for professional users should be made online from 2nd November 2020. However there is a … Continue reading Probate applications moving online
I’m a director of a company that is struggling financially, is there anything I should start to consider?
Whilst the government is currently offering help by way of grants and loans, some businesses are finding this is not enough to help them survive during the Covid-19 pandemic. Directors of companies in financial difficulty face a number of issues, which often interlock. As soon as directors are aware that a company is in financial … Continue reading I’m a director of a company that is struggling financially, is there anything I should start to consider?
Answer Helen Beach, Wills and Estate Planning Solicitor, replies: I am often asked “When is the right time to make a Will?” There are obvious circumstances when individuals think about making or even changing their Will. The most common scenarios I am faced with are: After having a child When you have had a child … Continue reading Why make a Will?
FILING AT COMPANIES HOUSE: THE SOMETIMES-OVERLOOKED STEP IN THE RUNNING OF A CORPORATE ENTITY Limited companies within the United Kingdom are registered at Companies House. If you are a Director of a company, you are responsible for ensuring that the company’s records are kept up to date and must arrange for the filing of the … Continue reading Are your company records up to date?
Question My marriage has come to an end but I am not ready for a divorce, what can I do? Answer Farah Khalid, Family Law Solicitor, replies: Some spouses may be of the view that the marriage is at an end, but are not emotionally ready to deal with the divorce or may have other … Continue reading I am not ready for a divorce, what can I do?
Not filing your accounts on time will enable Companies House to dissolve your company by compulsory strike off, along with imposing a late filing fine. In light of the issue’s companies are having with keeping to filing deadlines during the COVID-19 pandemic and in order to ensure they have time to focus on continuing to … Continue reading Companies House late filing of accounts – COVID-19
During these uncertain times I’ve come to understand that there is an overriding feeling amongst the clients I have been speaking to that it is important to be prepared and safe in the knowledge that their Will is up to date and their loved ones will be looked after. Making a Will does not mean … Continue reading Does your Will need a Health Check?