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
Simplified VAT Accounting For Importers
2008-03-07 10:08:00 The Chancellor?s Budget, on 9 April 2003, announced that there would be a relaxation of the requirement of the current imports Duty Deferment Scheme to provide security for the full amount of import VAT payable each calendar month. The scheme called SIVA (Simplified VAT Accounting ), was introduced on 1 December 2003. Agents can apply and operate ...
Model balance sheets for dormant companies
2008-03-06 13:17:00 If the company has only issued shares to subscribers who agreed to take such shares under the memorandum, then you will be able to use Form DCA. Likewise, Form DCA will be suitable if the company has paid fees to the Registrar of Companies for a change of company name, the re-registration of a company ... More About: Model , Balance
Role and duties of a company director
2008-02-27 22:25:00 1. Can anyone be a director? Generally it is up to the members to appoint the people they believe will run the company well on their behalf. The only restrictions that prevent anyone becoming a director are: the person must not have been disqualified by a court from acting as a company director (unless he or she ... More About: Company , Duties , Role , Director
Role and duties of a company secretary
2008-02-27 22:21:00 1. Does every company need a secretary? Yes. Section 283(1) of the Act says every company must have a secretary. Section 283(2) states that a sole director cannot also be the secretary. 2. Does a company secretary need any qualifications? The company secretary of a public limited company needs to be qualified as explained below. The company secretary ... More About: Company , Duties , Role
What company officers have to send to Companies House
2008-02-27 22:16:00 Company directors and secretaries are responsible for delivering information to the Registrar. There are over 200 forms that companies could file. The following information deals only with the most common forms and documents that companies will use. 1. Accounts All limited companies, whether trading or not, must keep accounting records and file accounts for each accounting period ... More About: House , Companies , Company , Send , Officers
Introduction
2008-02-27 22:11:00 Introduction This information will help you to manage a dormant company so that you send Companies House everything that is needed to keep the company on the register. It will help you to understand the simple - but important - legal obligations that still apply to a company even when it is dormant. If after reading this ... More About: Introduction
Statutory requirements
2008-02-27 00:50:00 1. What information does Companies House need to know? Although a company may be dormant, Companies House must still keep up-to-date information about it on record and make this available to anyone who wants to know about the company. Basically, we need to know: Where to contact the company. The company?s official address is known as its ...
Model Articles of Association of RTE company
2008-02-19 21:10:00 Model Articles of Association of RTE company The Companies Acts 1985 and 1989 Company Limited by Guarantee and not having a share capital Articles of Association of [RTE insert name] Limited (The Company) Preliminary 1. The Regulations contained in the Schedule to the Companies (Tables A to F) Regulations 1985 as amended by the Companies (Tables A to F) ... More About: Model
Model Memorandum of RTE company
2008-02-19 21:01:00 Model Memorandum of RTE company The Companies Acts 1985 and 1989 Company Limited by Guarantee and not having a share capital Memorandum of Association of [RTE insert name] Limited 1. The name of the Company (referred to in this document as the Company) is [RTE Company Limited]. 2. The registered office of the Company will be situated in [England and ...
Model Articles of Association of RTM company
2008-02-19 20:40:00 Model Articles of Association of RTM company The Companies Acts 1985 and 1989 Company Limited by Guarantee and not having a share capital Articles of Association of [RTM insert name] Limited (The Company) Preliminary 1. The Regulations contained in the Schedule to the Companies (Tables A to F) Regulations 1985 as amended by the Companies (Tables A to F) (Amendment) ... More About: Model
Model Memorandum of RTM company
2008-02-19 20:33:00 Model Memorandum of RTM company The Companies Acts 1985 and 1989 Company Limited by Guarantee and not having a share capital Memorandum of Association of [RTM insert name] Limited 1. The name of the Company (referred to in this document as the Company) is [RTM Company Limited]. 2. The registered office of the Company will be situated in [England and ...
Your businessman quality and business know-how
2008-02-18 12:38:00 Your attitude and know-how plays a crucial role in the growth of your business. This means being honest about a range of issues - this means your personal qualities, knowledge and your financial status that you can introduce in your new business. Dedication and time is required in setting up your own enterprise. Here is ... More About: Business , Quality , Businessman
Check your target market to make your business idea a growth
2008-02-18 12:34:00 Your required to research your target market and your competitors carefully. A common misconception is that businessmen who fail simply because they lacked sufficient funding or did not put together the right team. In many cases, new businesses fail because they have not spent enough time on researching their business idea and its financial viability in ... More About: Business , Market , Idea , Growth , Check
Good and bad in different approaches to start your business
2008-02-18 12:31:00 Every year, thousands of people choose to set up their own enterprise. This guide looks at why you might decide to run your own enterprise and the different ways of making the move. It considers the positive and negative aspects of each approach. A good business idea A good business idea could be an innovation and an ... More About: Business , Start , Good
Full and part time businesses
2008-02-18 12:28:00 Full time The type of business you?ve decided on - or your individual circumstances - may imply that you want to take the plunge and jump straight in full time. Benefits: You can dedicate all your time and enthusiasm to your enterprise. You can react to new developments as they arise. If your business depends on a gap in the market ... More About: Time , Part , Full , Businesses
Structure the financial side of your business efficiently by making a busin
2008-02-18 11:33:00 It is crucial to have a realistic, working business plan when you?re setting up a business. It has many functions, from securing external funding to measuring growth within your business. Many people see the business plan as a document used to secure external funding. This is essential because potential investors, including banks, may invest in your idea, ... More About: Business , Financial , Side , Structure
Starting a business under the age of 30 in the UK
2008-02-18 10:54:00 Many young people run businesses. With the right guidance and support you can follow in their footsteps. This guide looks at the first steps of setting up a business, the best business structure to suit you and the rules and regulations you need to be aware of. It also has information about organisations providing support and finance to people ... More About: Business
Family business
2008-02-18 10:50:00 A family-run business is typically one in which more than half the shares are controlled by members of the same family, or one that has been passed between generations. Starting, leading and working in a family business can bring valuable benefits compared to other businesses - from greater trust between staff to increased flexibility. Without careful ... More About: Business , Family , Family Business
Social enterprise
2008-02-18 10:46:00 A social enterprise is a business with primarily social objectives whose surpluses are principally reinvested for that purpose in the business or in the community, rather than being driven by the need to maximise profit for shareholders and owners. Within this definition, social enterprises can take on a variety of forms, including: unincorporated associations trusts limited liability companies some ... More About: Social , Enterprise
Taking on a franchise
2008-02-18 10:40:00 Taking on a franchise is an option worth considering for anyone who wants to run a business but doesn?t have a specific business idea or prefers the security provided by an established concept. The right franchise can give you a head start. Instead of setting up a business from scratch, you use a proven business ... More About: Franchise , Taking
How to survive until business is off the ground
2008-02-17 22:54:00 You may need alternative sources of income while your business is growing. Many businesses do not make a profit in their first year but can earn enough to cover their outgoings. If your business does make a profit, you may want to plough back it to help your business develop.A financial adviser or accountant can ... More About: Business , Ground , Survive
Common mistakes within your first year
2008-02-17 22:50:00 Launching a small business can be risky and growth is not always guaranteed. Businesses are most vulnerable to failure during the initial years of trading, with 20 per cent of new businesses folding within their first year and 50 per cent within their first three years. These figures should not scare you off, but should prepare ... More About: Common , Year
Developing your business idea
2008-02-17 22:47:00 Developing your business idea into a viable product or service is a critical part of building a business. Thorough assessment and market research at an initial stage will assist you in establishing whether there is a market for your product or service. A new idea is often the basis for setting up a business. Many ... More About: Business , Idea
Late filing penalties
2008-02-17 22:41:00 Introduction All companies - private or public, large or small, trading or non-trading - must send their accounts to the Registrar of Companies every year. If accounts are delivered late, the Registrar will impose an automatic penalty. Late filing penalties explained 1. What are late filing penalties? Late filing penalties were introduced in 1992 to encourage directors of limited ...
General insolvency information
2008-02-17 22:36:00 This is a simple information to liquidation and other insolvency procedures. It summarises some of the rules that apply to corporate voluntary arrangements, moratoria, administrations, receivers, voluntary liquidations, compulsory liquidations and EC regulations. Please also refer to the relevant legislation, which you will find in the Companies Act 1985 (as amended in 1989 and later), ... More About: Information , General
Corporate voluntary arrangements (CVA) including CVA moratoria
2008-02-17 22:31:00 1. What is a voluntary arrangement? A corporate voluntary arrangement is when a company makes an agreement with its creditors by proposing a ?composition in satisfaction of its debt? or a ?scheme of arrangement of its affairs?. This means an arrangement, approved by the court, in which the company has formally agreed terms with its creditors ... More About: Corporate , Voluntary
?In administration? and ?administration orders?
2008-02-17 22:28:00 The current law concerning administration was introduced with effect from 15 September 2003. Under the new regime, a company will usually be described as being ?in administration? ? under the old regime a company would be described as subject to an ?administration order?. We have used these two terms to describe the different regimes.What follows ... More About: Administration , Orders
Receivers
2008-02-17 22:24:00 1. What is a receiver? There are many different kinds of receiver and their powers vary according to the terms of their appointment. An administrative receiver is a receiver or manager of the whole, or substantially the whole, of a company?s property who is appointed by or on behalf of the holders of any debentures of the ... More About: Receivers
Voluntary Liquidation
2008-02-17 22:20:00 There are two kinds of voluntary liquidation: members? voluntary liquidation (MVL) - which means the directors have made a statutory declaration of solvency; creditors? voluntary liquidation (CVL) - which means that the directors have not made such a declaration. 1. When can a company go into MVL? This can take place when the directors of a company believe that ... More About: Voluntary
Compulsory Liquidation
More articles from this author:2008-02-17 14:12:00 1. What is ?compulsory liquidation?? Compulsory liquidation of a company is when the company is ordered by a court to be wound up. 2. Which courts can order a compulsory liquidation? The High Court, or a county court with the appropriate jurisdiction, may order the winding-up of a company. This may be, for example, on the petition of ... 1, 2, 3, 4, 5 |
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