When it came to ensuring that my business and its rights the claimed as a PLC Amy and I used the Gov.uk website as it gave us free, impartial, legal advice about the UK laws to follow. They guided us through the process of claiming and starting up our business, even educating us through what PLC meant prior to Amy and I decided that we would we settle for a PLC company. After researching the multiple varieties of business to own, Amy and I decided on the PLC as it suited our needs the best. A PLC is 'a company that is separately run by the people who own it, each individual gets an equal share of the company and slit of profit after tax' In order for us to run as a PLC we use these guidelines;
A suitable company name; LoAm LTD
An address for the company; The college Address to keep things mutual.
- At least one director (those legally responsible for running the company); Both Amy and me.
- Details of the company's shares- at least one shareholder ( shareholders have certain rights, most companies are owned by shareholders, e.g directors may need shareholders to vote and agree to changes in the company)
- To check what your SIC code is (standard industrial classification of economic activities, so a description your company's nature of business).
After discovering which form of business we'd be, we soon realised that all legal obligations or requirements could also be found on the website provided through a quick google search, which could benefit our questions in the future.
No comments:
Post a Comment