When dealing with the closure of your deceased father’s limited company, especially if there are outstanding debts, there are several important considerations: Understand the Financials: Begin by obtaining a comprehensive understanding of the company’s financial position. This includes all assets, liabilities, and specifically the status of the overdraft and other debts. Consult with Professionals: It Read more…
Dissolving a company involves legal and operational steps to ensure the business is properly closed. Here’s a detailed guide: Review Your Company’s Legal Documents: Check your company’s articles of association or any shareholder agreements to understand any specific dissolution procedures. Obtain Approval: For partnerships or corporations, obtain consent from partners or board members. A formal Read more…
The concept of a Person with Significant Control (PSC) typically involves holding more than 25% of shares or voting rights in a company. In your scenario, where an individual holds technically less than 12.5% voting power but has the approval of other shareholders, becoming a PSC under normal definitions would not be feasible based solely Read more…
Determining the success of your business involves analyzing various key performance indicators (KPIs) such as financial health, customer satisfaction, market position, and operational efficiency. Here are some steps to assess your business’s well-being: Financial Performance: Review your financial statements, including the income statement, balance sheet, and cash flow statement. Look for consistent revenue growth, healthy Read more…
Determining whether a business strategy is sustainable involves assessing several critical factors, including market demand, resource availability, competitive advantage, and adaptability. A sustainable approach ensures that your business can continue operating effectively over the long term without exhausting its financial or material resources. Begin by evaluating your core business model and reassessing your product or Read more…
Yes, it is possible to set up Instagram ads using a computer to avoid Apple’s commission fees. Instagram ads can be managed through Facebook’s advertising platform, as Instagram is owned by Meta (formerly Facebook). Here’s how you can do this on a Mac: Access Facebook Ads Manager: Open a web browser on your Mac and Read more…
If “daft panda” is a registered trademark in the UK, selling a product under this name could be a violation of trademark laws unless you have explicit permission from the trademark holder. A trademark grants the owner exclusive rights to use that mark in connection with certain goods or services, preventing others from selling products Read more…
Evri, previously known as Hermes, has faced scrutiny over its parcel handling efficiency, particularly concerning the percentage of parcels lost. As of my last update, precise figures regarding the percentage of lost parcels are not publicly disclosed by the company, making it challenging to provide an exact rate. However, several reports and customer reviews have Read more…
When it comes to Value Added Tax (VAT) for small businesses selling software, there are several key considerations to keep in mind. VAT Registration: If your business’s taxable turnover exceeds the VAT threshold (which, as of the last update, was £85,000 in the UK), you are required to register for VAT. If your turnover is Read more…
Yes, it is possible to transfer a company name to another entity or individual, commonly through a process referred to as an “assignment of the business name.” The exact procedure and requirements can vary depending on the jurisdiction and the legal structure of the business. Here are some general steps to consider: Review Legal Documents: Read more…