National insurance (NI) number - if you’ll be moving to the UK to set up your business and don’t currently have a NI number, you’ll need to apply for one beforehand. Business address - you’ll need an address for correspondence with HMRC, and if you’re selling or contracting good...
If one of the partners resigns, dies or goes bankrupt, the partnership must be dissolved, although the business can continue. Ordinary partnerships also have to be registered with HMRC for tax purposes. Limited partnerships A limited partnership is made up of a mixture of ordinary partners and ...
If you want to work for yourself, you can use other business structures apart from being a sole trader. For example, you can become a partner in a business partnership or set up your own limited company, in which case you become employed as a director of that company. 45% of FSB membe...
When a business is 100% owned by a holding company, then it is termed as a ‘wholly owned subsidiary’. A subsidiary company or trading company can be a corporation, limited partnership, or limited liability company. Advantages of a holding company Setting up a holding company has many advant...
HMRC and Home Office the big winners as spending review commits £600m to ‘fix outdated government IT’ bySam Trendall The Treasury added that Grigg’s work would include “gathering expert opinion” to inform relevant government policies on how the bank should be set up. ...