Limited Companies in the UK are generally limited by shares representing the ownership of the Company. So if the Company issued 100 shares and you own 1 – you own 1% of the Company. Shares come with certain rights, the most common type being an Ordinary share –...
There are many reasons for not choosing a Partnership in your position, for instance: They are generally less tax efficient than Limited Companies; Partners must pay Class 4 National Insurance; All Partners are jointly responsible for all debts; Partnerships can...
You probably can. In order to qualify for Statutory Maternity Pay you must have been continuously employed by the same employer (in this case your Company) in the 26 weeks going into the qualifying week of your maternity, (around 15 weeks before the due date). You...
A Limited Liability Partnership (LLP) is safer than a typical Partnership, just as a Limited Company is safer than a Sole Trader business – because of ‘limited liability’. Safer because: The advantage an LLP has over a Partnership is that Partners in LLPs are not...
You may be wondering when and how to set up a PAYE scheme for your limited company, or why you should in the first place. We’ve got all the advice you need to make the right choice for your business. When does a limited company need PAYE? The vast majority of...
An LLP or Limited Liability Partnership has some things in common with a Partnership but, like a Limited Company, it also has Limited Liability so partners cannot lose personal assets. LLP’s are easy to join and to leave – without needing to worry about buying/selling...
