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Legal

|Legal

Why we do Anti-Money Laundering (AML) Checks

2017-10-06T15:41:53+01:00October 6 th, 2017||

The objective To learn as much as possible about the legal owners of a UK entity. Where the UK company is a subsidiary of another company we need to determine, for each company, the persons who are the ultimate beneficial owners and the persons who have operational control. We usually undertake this process as part [...]

What are full UK statutory accounts?

2015-10-09T15:04:46+01:00October 11 th, 2015|, |

HMRC requires the following to be submitted to them: balance sheet detailing the value of everything the company owns and is owed on the last day of the financial year and must be signed by a director profit and loss account showing the company’s sales, running costs and the profit or loss it has made [...]

Do I need to take out any insurance in the UK?

2018-02-25T13:35:16+01:00August 28 th, 2015||

Some home territory policy’s cover trading in the UK. If they do not, it can be expensive to add it on to that particular policy. It is a legal requirement to have Employers and Public Liability insurance. These are two separate policies, but for most startups, a combined policy can be obtained. You may also [...]

What’s the best type of entity to establish?

2018-02-25T13:33:31+01:00August 28 th, 2015||

That depends on what your objectives for the UK/EU are. Why are you establishing here? What are you trying to achieve? Are you looking at taking on any members of staff? If you are looking to test the market and understand what the landscape could look like, it might be better to register as a [...]

Companies House in the UK – what is it?

2016-11-18T12:15:18+01:00August 13 th, 2015||

Under company law, a director holds responsibility for filing certain documents with Companies House in the UK. Companies House needs to be informed whenever a new director (or company secretary) is appointed or when a director steps down and resigns. They will also need to be told if a director’s personal details have altered (a [...]