Lul Tim Is Officially A Rapper Now !!??? Just Shot His First Video!! EXCLUSIVE!!
17
Jun
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There are three types of them in the UK which include: Private
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CIC is a CIC is a kind of structure employed by community groups, and PLCs
allow you to sell shares to members of the public. They aren’t relevant to contractors .
We will concentrate on a Ltd Company below. One of the main advantages
offered to these companies is they’re ‘limited
liability’ structures. The shareholders of the company aren’t liable for its debts should the company
fail. For contractors and freelancers the shareholder is usually the individual
contractor . However, ownership could be
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LTDs exist in the law on their own registration is a similar to registering a birth!
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to corporation tax whereas a sole trader will pay personal tax on any
profits. Payroll and PAYE systems are required to be in place in order to reimburse employees (the
contractors). It is usually recommended to employ an accountant to manage this responsibility for the company.
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provided they are not an un-discharged bankrupt. One shareholder is required .
a minimum requirement of one shareholder with a share in the amount of PS1.00 is all that is necessary .
The shareholder can be also the director. The requirement to have a company
secretary is not necessary for companies that are limited (only an PLC).
It is called the Certificate of Incorporation This is the company’s
birth certificate that establishes the business as an legal entity.
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