In last month’s e alert we looked at how to set up a limited company. Once this has been done, it is necessary to ensure that the team leading the company understand their obligations and comply with their legal duties. Here we look at the definition of a director, their duties and the consequences of breaching those duties.
Who is a company director?
Before looking at a company...Read More
The following is a list of the records your company must keep sorted at the company’s registered office:
1) Register of members.
Under the 2006 Companies Act every limited company is required to keep a register of its members. This document will be evidence of the members of the company and the shares they hold. The register of members should include:
The member’s name and address.
The date...Read More
A great source of information is Companies House itself. In order to register a new limited company, an IN01 application form will need to be completed. This can be done either on line (for a £12 fee) or in hard copy (for a £40 fee), by completing the form and sending it to Companies House. The form will ask for a variety of information including the following:
1) A company name....Read More
Which bills made the Speech?
Unsurprisingly, Brexit dominated the Queen’s Speech. A number of bills were announced to facilitate the UK’s departure from the EU:
The Repeal Bill, no longer touted as the “Great Repeal Bill”, as the name suggests will repeal the 1972 European Communities Act, changing EU law into UK law.
The Immigration Bill will bring free movement of EU nationals into...Read More
Much of the post-referendum debate in the UK has been on the single market and freedom of movement. Not much attention has been given to the gender pay gap, or racial inequality as a possible factor in shaping this gap. The recent study published by the Fawcett Society suggests a complex picture of gender pay gap inequality, and notes that the forthcoming general election is an opportunity to...Read More
The papers are awash with stories of social media faux pas. Just this month a part time judge, Recorder Jason Dunn-Shaw, was subject to a professional conduct investigation for using a pseudonym to post inappropriate comments on an online newspaper article regarding a case he had presided over as a judge. He had also used his own name to post what were deemed to be inappropriate comments in...Read More
When Chancellor Philip Hammond announced the Spring Budget this month it is fair to say that the increase in NICs for the self-employed was unexpected. This announcement resulted in accusations that the Conservative Party had broken their manifesto pledge not to raise taxes.
Increase in NICs for self-employed
Why was this increase proposed?
Mr Hammond said there was a disparity...Read More
Last year Katie Price stated on the TV show ‘Loose Women’ that she had not changed her Will following her divorce from pop-legend Peter Andre; Ms Price appeared again this month on the same show and commented that she still had not changed her Will. Her understanding being that her estate would pass to Mr Andre, despite being divorced and re-married, and not to any of her three children.
Have you considered a business Lasting Power of Attorney (LPA)?
Do you run your own business? Are you a sole trader? Or a Partner perhaps? In the unfortunate event that you can no longer work because of an illness or injury, have you considered what will happen to your business? If not, you are probably not alone, but this is something that you should give some serious thought to in...Read More