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Until recent, the relationship between sole directors and Model Articles in UK limited companies has been very complex.
To simplify incorporation procedures in the UK and to boost economic growth, Companies Act 2006 allowed companies to be registered with only one director (Sole Director) and removed a requirement of a mandatory appointment of a company secretary.
READ MOREIncorporating a business can be a major step in your entrepreneurial journey, providing a solid foundation for growth and success. Every day, speaking with potential clients our team provides consultations on many subjects. Discussing business ideas with the biding entrepreneurs, we time after time, go over the legal formalities and pros and cons of various jurisdictions. And day after day, we answer the same simple question “Why incorporate in the UK?”.
READ MOREWhether the UK is the "best" place to start a new business ultimately depends on many specifics – your business idea, your business model, industry you are planning to operate in, and, of course, there are always your personal priorities and preferences.
However, despite all of that, here at Coddan, we still consider the UK is the best place to Start Your New Business. Hands Down. And although there are some arguments in favour or against, the UK does offer several advantages that make this jurisdiction a compelling option for many entrepreneurs.
READ MOREIt’s now been two weeks since Companies House has increased their fees for various incorporation and post-incorporation services and while some still feel the shock of it, situation has mostly settled down and most company formation agent, like CODDAN CPM, continue business as normal.
And while some still prefer to use Registrar’s Web-Incorporation services directly, and others put it into the hands of the professionals, we will be looking into the age-old debate: Should you register the company yourself or enlist the services of a company formation agent like Coddan CPM to guide you through the process?
READ MOREIt’s been 5 days since Companies House’s first set of changes to Companies Law has come in force. Implementation of changes meant Companies House shutting down their web-incorporation system for some time to upload and test a new version of Company Registration software to make sure it’s up to date and compliant with the requirements of the new legislation.
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