Day: 4 October 2017
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What is a Dormant Limited Company?
Unlike active companies, dormant limited companies do not trade at all. Although most enterprises registered with Companies House are processing income and expenditure, dormant companies are just standard limited companies which are inactive.
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What is the function of Companies House?
Companies House is the government body responsible for administrating company information in the UK. As a company owner, you will interact with the agency when you first form a company, submit accounts or your Confirmation Statement, or make changes to the data stored about your business.
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What are the Articles and Memorandum of Association?
When you first register a new limited company, you need to provide (or adopt) Articles of Association, which act as the company’s ‘rule book’, together with an initial list of subscriber via a Memorandum of Association.