Practical AdvicePractical AdviceThe mass of books How to, Guide to etc. are well presented in bookshops, however, we are unaware of which one to purchase or perhaps we require only few paragraphs from them, in which case, we provide this information for the benefit that you are abl Articles
Voluntary dissolution in Scotland
2008-02-13 11:51:00 1. Who can apply to have a limited liability partnership struck off the register? A limited liability partnership that is not trading may apply to the Registrar to be struck off the register. It can do this if the limited liability partnership is no longer needed. For example, the active designated members may wish to retire ... More About: Scotland , Voluntary
Defunct partnerships in Scotland
2008-02-13 11:48:00 1. Can the Registrar strike off a limited liability partnership? Yes, if it is neither in business nor in operation. The Registrar may take this view if, for example: he has not received documents from a limited liability partnership that should have sent them to him; or mail he has sent to a limited liability partnership?s registered office ... More About: Scotland
Restoration to the register in Scotland
2008-02-13 11:44:00 The Registrar cannot restore a limited liability partnership to the register without a Court Order. When the Registrar receives an office copy of the Court Order for restoration, a limited liability partnership is regarded as having continued in existence as if it had not been struck off and dissolved. 1. Who can apply to have a ... More About: Scotland , Register , Restoration
Principal business activities
2008-02-12 12:58:00 This classification is based on the UK Standard Industrial Classification (SIC 03) Codes including sub-class revisions effective from 1 January 2003 Trade Code Group A - Agriculture, Hunting and Forestry 0111 Grow cereals & other crops 0112 Grow vegetables & nursery products 0113 Grow fruit, nuts, beverage & spice crops 0121 Farming of cattle, dairy farming 0122 Farm sheep, goats, horses, etc. 0123 Farming of swine 0124 Farming of poultry 0125 Other farming ... More About: Business , Activities , Principal
Accounting reference dates
2008-02-12 12:04:00 1. What is a financial year? Every limited liability partnership must prepare annual accounts that report on the financial performance and position of the limited liability partnership during the year. The period reported on in the accounts is called the financial year. This starts on the day after the previous financial year ended or, in the ... More About: Dates , Accounting , Reference
Preparing and filing accounts
2008-02-12 11:56:00 This section explains the basic rules on preparing and filing accounts. It applies to all limited liability partnership accounts irrespective of whether any filing exemptions apply to the content of the accounts. 1. Do all limited liability partnerships have to keep accounting records? Yes. All limited liability partnerships, whether or not they are trading, must keep accounting ...
Audit exemption for small and medium-sized limited liability partnerships
2008-02-11 12:29:00 1. What exemptions are available? Certain small or medium-sized limited liability partnerships may prepare accounts for their members under the special provisions of sections 246 and 246A of the Companies Act 1985 (as applied to limited liability partnerships by regulation 3 of the Limited Liability Partnerships Regulations 2001). In addition, they may prepare and deliver abbreviated ... More About: Small , Audit , Medium
Audit exemption for very small limited liability partnerships
2008-02-11 11:25:00 1. What exemption is available? There is total exemption from audit for certain small limited liability partnerships if they are eligible and wish to take advantage of it. Further details about how to claim exemption are in this section. 2. Which small limited liability partnerships qualify for audit exemption? To qualify for total audit exemption, a limited liability ... More About: Small , Audit , Limited
Audit exemption for dormant limited liability partnerships
2008-02-11 11:20:00 1. What exemption is available? Dormant limited liability partnerships can claim exemption from audit and need only deliver to Companies House an abbreviated balance sheet and notes. A profit-and-loss account does not have to be included in dormant accounts filed at Companies House. However, fuller accounts must still be prepared for members, possibly including a profit ... More About: Audit , Limited
Registration of mortgages and charges in Scotland
2008-02-11 10:38:00 1. What are charges? A charge is security for the payment of a debt or other obligation that does not pass ?property? or any right to possession to the person to whom the charge is given. 2. What charges must be registered? A list of the charges that must be registered in Scotland is shown in the box ... More About: Mortgages , Registration , Ages
Registration of mortgages and charges
2008-02-11 10:33:00 1. What are mortgages and charges? A charge is security for the payment of a debt or other obligation that does not pass ?property? or any right to possession to the person to whom the charge is given. A mortgage is security for the payment of a debt or other obligation that passes ?property? but no right ... More About: Mortgages , Registration , Ages
Late filing penalties
2008-02-11 10:19:00 1. What are late filing penalties? Section 242A of the Companies Act 1985 (as applied to limited liability partnerships by regulation 3 of the Limited Liability Partnerships Regulations 2001) says that penalties will be incurred by any limited liability partnership that delivers its accounts to Companies House after the period allowed for filing. 2. How much are ... More About: Late
Removal of auditors
2008-02-11 10:12:00 Can an auditor be removed? Yes. The designated members of a limited liability partnership may remove an auditor from office at any time during his or her term of office or decide not to re-appoint the auditor for a further term. They must give the auditor notice of their intention. The auditor then has the right ...
Appointment of auditors
2008-02-11 10:06:00 1. What is an auditor? An auditor is a person who makes an independent report to a limited liability partnership?s members as to whether its annual accounts have been properly prepared in accordance with the Act. The report must also say if a limited liability partnership?s accounts give a true and fair view of its state ...
Company Annual Returns
2008-02-09 19:18:00 An annual return is a snapshot of general information about a company?s directors and secretary, registered office address, shareholders and share capital.If you file the annual return late, or not at all, the company and its director (s) and secretary can be prosecuted. You will find the relevant law in the Companies Act 1985 (as amended ... More About: Company , Annual
The Restrictions on the Company Names
2008-02-09 19:07:00 Those restrictions on the company name do not prohibit anyone to use them. You just need to follow the rules and in our Online (In Real Time) application to provide additional information about the chosen company name. If you have any questions or need an advice:- Tel: 0208 352 1276 (0044 208 352 1276 - ... More About: Company , Names , Strict
Requirements to the Company Director
2008-02-09 19:01:00 General terms: ANYONE / ANY CORPORATE BODY CAN BE A COMPANY DIRECTOR (Companies Act 1989, Chapter 2, 1). NO RESTRICTIONS FOR NATIONALITY. NO RESTRICTIONS FOR COUNTRY OF RESIDENCE. NO POLICE RECORD CHECK. NO CHARACTER REQUIREMENTS. Generally it is up to the Members (Shareholders) to appoint the people they believe will run the company well on their behalf. The only restrictions ... More About: Company , Director , Rect
Requirements to the Company Secretary
2008-02-09 18:58:00 Every company, according to Section 283(1) of the Companies Act 1985/1989/2006, must have a Company Secretary. Section 283(2) states that a sole director cannot also be the secretary. The company secretary of a private limited company: DOES NOT NEED FORMAL QUALIFICATIONS. General terms: ANYONE / ANY CORPORATE BODY CAN BE A COMPANY SECRETARY. HAS NO RESTRICTIONS FOR NATIONALITY. HAS NO ...
Requirements to the Registered Office Address
2008-02-09 18:55:00 A Registered Office Address is the official address of any UK? business. Registered Office Address: Shown on the public record in Companies House. Used by government agencies (eg. Courts, HM Revenue & Customs, all units of the Department of Trade & Industries) for the official correspondence regarding your company. Where Statutory Registers of the Company can be inspected by ...
Requirements to the Business Names used by Any Person, Partnership or a Com
2008-02-09 13:14:00 Introduction Business names are no longer registered with any government departments. But there are laws about using certain names and disclosing certain details of ownership. Before 1982 many business names had to be registered under the Registration of Business Names Act 1916. This Act was repealed on 26 February 1982 when new rules on business names came ... More About: Person
Shareholder Agreement for UK Private Limited
2008-02-09 00:00:00 If you want to set up (or already have) a private limited company with other things important for your success, it would be a Shareholder Agreement . A Shareholder Agreement is what every company which has more than one shareholder should possess as security, which, can be very helpful in the future. It looks like a document ... More About: Private , Limited
Limited Liability Partnership Agreement
2008-02-08 23:50:00 LLP has to be registered with Companies House. Companies House at incorporation of Limited Liability Partnership (LLP) does not require Limited Liability Partnership Agreement . You can confirm your compliance with Limited Liability Partnership Act by signing the Form LLP2 and it will be enough to start your business. At the same time, Companies House recommends that ...
Model constitution No. 1 for Company Limited by Guarantee and not having a
2008-02-07 10:46:00 Model constitutions for CICs - No. 1 The Companies Acts 1985 and 2006 Company Limited by Guarantee and not having a share capital Memorandum of Association of [insert name] Community Interest Company 1 COMMUNITY INTEREST COMPANY The Company is to be a community interest company. 2 NAME The Company?s name is ?[insert name] Community Interest Company?. 3 REGISTERED OFFICE The Company?s registered office will ... More About: Constitution
Creating and managing a brand for your business
2008-02-06 18:21:00 The basics of the branding Building and managing a brand play is a significant role in making your business become a customer’s first choice. The idea of a brand extends far beyond just your company / partnership / sole-business logo, it has his own core values and interacts with customers and suppliers. In fact, your brand creates ... More About: Business , Creating , Brand
Why Start a Home Business?
2008-02-03 16:12:00 Working from home is a dream for many ? but actually going ahead and starting a home business is very difficult. So what makes so many people want to do it, and why would you ever try such a crazy thing? Here are some common reasons, and some things to consider. You Can Build Your Great ... More About: Business , Home Business , Home , Start
Open letter to the British People
2007-11-16 23:55:00 Dear Friend, Here’s a simple question for you: what’s the point of saving? Why bother of putting money in the bank or pension fund instead of other form of investment? It is in our mentality: The reason why we put cash aside today is so that we’ll have more cash tomorrow! In other words, we stash money ... More About: People , Open , British , Letter , Open Letter
Open letter to the British People
2007-11-16 23:55:00 Dear Friend, Here’s a simple question for you: what’s the point of saving? Why bother of putting money in the bank or pension fund instead of other form of investment? It is in our mentality: The reason why we put cash aside today is so that we’ll have more cash tomorrow! In other words, we stash money ... More About: People , Open , British , Letter , Open Letter
Setting up a mailing list
2007-11-16 23:48:00 Email list can make or break you. It is hard to maintain monthly posting and just one post can destroy your business. Do not think otherwise. And its costly, sometimes very costly. You can be good for a long period of time but only one wrongly written email and your readers will send ALL your ... More About: List
Setting up a mailing list
2007-11-16 23:48:00 Email list can make or break you. It is hard to maintain monthly posting and just one post can destroy your business. Do not think otherwise. And its costly, sometimes very costly. You can be good for a long period of time but only one wrongly written email and your readers will send ALL your ... More About: List
Obtain the power through the people
More articles from this author:2007-11-12 15:08:00 Have you come across a person who is so naturally friendly that when you put him inside a room of strangers, he’ll be friends with almost everyone in no time? We call such a people-person, someone unbelievably nice and charismatic that he can charm anyone into doing anything. In business this is the main principal ... More About: Power , People , The People 1, 2, 3, 4, 5 |
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