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Corporate structures

Corporate structures in the UK : Limited company, LLP, International Holding

Let us guide you through the key advantages of the different business structures in the UK: Ltd Company, LLP, International Holding.

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cost effective company management services and business solutions

Access Business UK offers from simple and efficient turnkey solutions to customised incorporations and company management services for both UK and offshore corporate structures.

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The UK has an unwritten constitution. Law consists of statutes, common law and case law. All businesses operating in the UK are subject to the laws of the country in which they operate.

For the first time in 20 years The Companies Act has been completely overhauled resulting in the Companies Act 2006.

The new Act makes sure the regulatory burden on business is light, promotes shareholder engagement and helps encourage a long-term investment culture in the UK.

 

The Limited Company

A Limited Company must have at least one Director...

One to 50 directors are allowed, corporate or individual of any nationality. All directors are equally responsible legally and financially for the good conduct of the company.

The concept of nominee director is accepted in Great Britain. This individual or corporate entity can then assign the actual manager with a Power of Attorney, allowing this manager full authority over the business and the bank account.

From the 1st October 2008 every company will be required to have at least one director who is an individual. In other words, a legal person, such as a company, can still be a director of a company but it cannot be the sole director.

... at least one Company Secretary...

This is an administrative position which become optional from October 2008, and which can of course be maintained at the Directors’ and shareholders’ requests.

The Company Secretary can be a corporate entity or a private individual, who is able to fulfil all local statutory obligations with Companies House.

... and at least one individual or corporate shareholder.

One to 50 shareholders are allowed, corporate or individual of any nationality. The shareholders' financial responsibility does not exceed the issued share capital.

The concept of nominee shareholder is accepted in Great Britain. This individual or corporate entity can hold the shares in Trust and the stock transfer forms are irrevocably signed over to the beneficial owner.

 

The Limited Liability Partnership

Designated Members

Every limited liability partnership must at all times have at least two, formally appointed designated members, corporate or individual, resident anywhere in the world.

(Designated members are equivalent to the executive directors and the company secretary of a company).

The designated members are responsible for:

  • appointing an auditor (if one is needed);
  • signing the accounts on behalf of the members;
  • delivering the accounts to the Registrar;
  • notifying the Registrar of any membership changes or changes to the registered office address or name of the limited liability partnership;
  • preparing, signing and delivering to the registrar an annual return (Form LLP363);
  • and acting on behalf of the limited liability partnership if it is wound up or dissolved.

Maintaining Limited Liability

To maintain a limited liability status the partnership must be a commercial venture operating with a view to making a profit.

Capital

The minimum capital contribution is £ 2.

 

The UK International Holding Company

A Limited Holding Company must have at least one Director...

One to 50 directors are allowed, corporate or individual of any nationality. All directors are equally responsible legally and financially for the good conduct of the company.

The concept of nominee director is accepted in Great Britain. This individual or corporate entity can then assign the actual manager with a Power of Attorney, allowing this manager full authority over the business and the bank account.

From the 1st October 2008 every company will be required to have at least one director who is an individual. In other words, a legal person, such as a company, can still be a director of a company but it cannot be the sole director.

... at least one Company Secretary...

This is an administrative position which become optional from October 2008, and which can of course be maintained at the Directors’ and shareholders’ requests.

The Company Secretary can be a corporate entity or a private individual, who is able to fulfil all local statutory obligations with Companies House.

... and at least one individual or corporate shareholder.

One to 50 shareholders are allowed, corporate or individual of any nationality. The shareholders' financial responsibility does not exceed the issued share capital.

The concept of nominee shareholder is accepted in Great Britain. This individual or corporate entity can hold the shares in Trust and the stock transfer forms are irrevocably signed over to the beneficial owner.