Paramount Formations logo in colour
Sign In
Paramount Formations logo in colour

Our Blog

Read our blog posts below for information and advice on company formations, VAT registration, company types, business banking, and many other aspects of starting and building your business.

10 August 2021

Everything You Need To Know About EORI

Obtaining an EORI number is a legal requirement if you wish to trade (import or export) goods outside of the EU. It was introduced in 2009, and allows you, or your business, you to trade safely. Depending on whether or not you are VAT registered in the UK, will depend on which form you will need to complete, and Paramount Formations can help with this.

10 August 2021

How To Set Up & Register A Limited Company In The UK

Are you thinking of setting up and registering a limited company in the UK? The process can seem daunting for some, especially if you’re hoping to set up a business in the UK from abroad. The good news is we’ll talk you through the details, and the better news is we can sort it all out for you too.

10 August 2021

Can I Register a Ready Made Company and Leave It Dormant?

A Paramount Customer Asks: I am interested in obtaining a certain company, but I am not in a position to start trading with it for a while yet – can I register a company but leave it dormant?

Whilst you can register a company and then leave it dormant, you will need to ensure it meets certain criteria to make it eligible. But first things first, why would you register a dormant company?

10 August 2021

Business Continuity and Contingency Planning

Most people do not want to consider or talk about what happens when a business partner dies. However, it is an important part of planning when forming a business in order to avoid struggling to implement the next steps for the business during a difficult time.

10 August 2021

How are Directors Affected During Bankruptcy or Insolvency?

Under new insolvency rules, if under restrictions from bankruptcy directors can now be disqualified from acting as a limited company director.

10 August 2021

How Many Directors Does A Limited Company Need?

A minimum of one director is required to register a company. Following registration, your company must have at least one director, but there is no statutory limit to the number of directors a company appoints during or after incorporation. 

10 August 2021

What is a Public Limited Company and Should You Form One?

Becoming a Public Limited Company, or PLC, can be an advantageous move for a business. In this blog post we will look at what a PLC is, how to set one up and whether it is the right choice for your business.

10 August 2021

What Is a Limited Liability Partnership?

Limited liability partnerships (LLPs) are a type of legal structure for businesses of all sizes, which sit somewhere between a traditional partnership and a limited company. In an LLP, there are at least two business partners and each partner has limited liability, meaning they are not responsible for another partner’s misconduct, debts or malpractice.

10 August 2021

5 Considerations for International Trading

Exporting goods abroad can make your business more competitive, increase revenue and pave the way for faster growth. But it isn’t always easy to expand overseas, and the process can be complicated. Here we take a look at five things you should consider before taking the leap into international trading.

10 August 2021

5 Tips for Setting up a Limited Company

Whether you are a sole trader setting up as a limited company or you’re setting up a brand new business, forming a limited company is an exciting time. Read on to find out our five top tips for setting up a limited company.

visa
solo
maestro
paypal
american express