We work with a lot of people that operate their businesses as sole traders. For some, this business structure works well, and they can continue to work like this for as long as they want to.
If your business is registered with Companies House, then you should read this article as it explains the duties of a Company Secretary.
On the 6th of April 2016, new government legislation came into play; a register was created for ‘persons with significant control’. UK companies must keep this register so that individuals that have significant control over businesses are identified and their holdings are then made public.
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When you first start a business, your focus is usually on attracting customers, generating sales and building a successful company. Few business owners spend much time thinking about how or when they will eventually leave the business.
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