Corporate Governance & Regulation
What is a Close Company?
A Close Company is broadly defined as a company that is controlled by:
five or fewer participators or
any number of participators who are also directors or
where more than
Corporate Governance & Regulation
CGT – transfer of partnership to an LLP
Limited Liability Partnerships (LLPs) retain the flexibility of a partnership with the added advantage that a partners personal liability is limited. At least two members must be
Corporate Governance & Regulation
Removing your home address from the public register
Since April 2018 company directors and other eligible people such as company secretaries, people with significant control (PSC) and LLP members can apply to remove their personal
Corporate Governance & Regulation
Companies House – Late Filing Penalties
There are Late Filing Penalties which are designed to encourage companies to file their accounts and reports on time. The penalties were first introduced in 1992 and were
Corporate Governance & Regulation
What is a Company Voluntary Arrangement?
A Company Voluntary Arrangement or CVA is a special arrangement that allows a company with debt problems or that is insolvent to reach a voluntary agreement to pay its business
Corporate Governance & Regulation
Filing deadlines for company accounts
After the end of its financial year, a private limited company must prepare full annual accounts and a company tax return. The deadline for filing the first set of accounts with
Corporate Governance & Regulation
Claiming money or property from a dissolved company
Any property, cash and other asset owned by a company when it is dissolved automatically passes to the Crown as ownerless property. This process is known as ‘bona vacantia’ which
Corporate Governance & Regulation
Register a company and register for tax
A new one-stop service to register a company and register for tax at the same time has been used by more than 200,000 businesses since it was introduced. The introduction of the
Corporate Governance & Regulation
What is a company confirmation statement?
As well as filing accounts with Companies House, there is a requirement to check that the information Companies House stores about your company is correct every year. This is
Corporate Governance & Regulation
Small Business rate relief
Business rates are charged on most non-domestic premises, including most commercial properties such as shops, offices, pubs, warehouses and factories. Some properties are eligible