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theborderlessworld · 2 months ago

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Setting up operations in the UK

Registering a business

An overseas company only needs to be registered when it has some degree of physical presence in the UK through which it carries out business.

You can set up a private limited UK company online in just 24 hours or register a branch of an existing company in around four weeks. The standard registration fee is £50 online or £71 by post.

Before you start the incorporation process, you’ll need:

a name for the company

a UK address for the company

at least one director – this person does not have to be a UK resident

at least one shareholder – this can be an individual or another company.

A company registering in the UK must have a ‘memorandum’ and an ‘articles of association’ document in place at the time of incorporation. You can use standard template documents, or professional advisors can create them on your company’s behalf.

To set up a UK company, there’s no legal requirement to have a director or shareholder resident in the UK. However, many banks will want you to have resident directors or shareholders before they will open a UK business bank account for your business.

As a director of a limited company, you must:

follow the company’s rules, shown in its articles of association

keep company records and report changes

file your accounts and your company tax return

tell other shareholders if you might personally benefit from a transaction the company makes

pay corporation tax.

You can hire other people (e.g. an accountant) to manage some of these things day to day, but you’re still legally responsible for your company’s records, accounts and performance.

Read more on this UK Government page: Set up a limited company: step by step

Business licences

In the UK, certain businesses require a licence – e.g. to play music, sell food or trade in the street.

Intellectual property and trademarks

The UK has a robust intellectual property system that helps businesses protect their innovations effectively. The UK Intellectual Property Office (IPO) helps companies and innovators manage their IP and enforce IP rights. The IPO grants patents, registers trademarks and designs.

Trademarks and patents

Trademarks provide a product or organisation with an identity that cannot be imitated by competitors – they can be used for product names, logos, jingles etc. In the UK, it can take up to 6 months for a trademark application and costs approximately £170-200 plus £50 for each additional class.

Patents protect new inventions. Compared to trademarks, they are expensive and difficult to obtain. Before applying for a patent, we recommend you speak to an intellectual property professional and consider that not all patents have a financial value. Also check whether a patent for your product already exists.

Registering a local domain name

Registering a UK domain name can be an important sign of commitment to the UK. Nominet is the UK’s official registry for all UK domain names. It lets you check if your chosen domain name is available and see a selection of registrars to choose from.

Obtaining commercial premises

Leases must be granted for a fixed period, often between 5 and 15 years. There are no regulatory controls around the amount of rent or rent reviews – parties are free to determine the type and frequency of the review. However, there are regulatory controls for the use and assignment of the premises.

Small companies and entrepreneurs often choose serviced offices to take advantage of their flexible infrastructure and rental agreements.

Opening a bank account

The UK is a focus market for many New Zealand companies but setting up a UK bank account can be difficult and time consuming. There is no off-the-shelf information for New Zealand companies as there is not (unfortunately) a one-size-fits-all solution.

However, there are some general principles that make opening a bank account easier. These are the most important:

Having a presence in the UK.

Having a clear, straight-forward funding structure.

While it’s common for NZ companies to be owned by trusts, this is unusual in the UK and will delay and further complicate the process. One way to mitigate this is by setting up a wholly owned subsidiary in the UK with a UK director and CEO. This approach makes the process simpler and quicker.

Generally, all new businesses will require a bank account to conduct their business in the UK. Every bank has a slightly different process for opening a business account. In most cases you will need:

a UK business address

a company representative living in the UK who will be an account signatory

a UK business plan showing why you need a UK business bank account

a clear identification of all parties who own more than 10% of the business.

This checklist provides a high-level overview of the data and detail required to open a bank account for overseas-owned companies.

Banks may also consider these things:

The number of years the company has been trading (parent company and UK subsidiary).

Transparency of company directors.

The risk profile, in terms of the countries of trade import/export. Banks may rate risk by countries of trade, which is higher risk for non-OECD countries.

The nature of the business. Companies that require export/import licences, are online only, or handle physical cash will be higher risk.

The financial health of the company.

Having a reference from a New Zealand bank could help, although affiliate banks such as HSBC and Lloyds cannot assist with the process as they are separate legal entities operating under a franchise banner.

The credit standing of the directors (and no negative credit history) is important.

Companies with a difficult trading structure (e.g. owned by a trust), and those based in offshore locations could raise concerns.

Can I open a business bank account online?

There are interim measures that New Zealand companies can use while setting up a UK account, e.g. Wise Business Bank account or Revolut Business Account, but this not a permanent arrangement. It can also cause problems with legal requirements, e.g. pensions and recruitment, and can’t be used to bank cheques from Her Majesty’s Revenue and Customs (HMRC), etc.

NZTE works with the UK’s Department of International Trade (DIT) to help New Zealand businesses create customised banking solutions and connect them with the right bank for their needs. DIT also assists with visa banking requirements and sectoral work.

Can I set up a bank account with no presence in the UK?

It’s not a legal requirement to have a director or shareholder resident in the UK to set up a UK company. However, many banks will want you to have resident directors or shareholders before they will open a UK business bank account for your business.

There are some options for New Zealand companies to set up a bank account in the UK without a presence:

A trustee account. This is where a UK-based accountant holds an account and effectively partitions it for customers.

Set up a bank account that doesn’t require in-person signatories.Cashplus offers this. However, you’ll need to decide whether this type of arrangement meets your banking needs, and understand the associated costs. Others include Meridian Currency, Revolut Business Account, Protected Trust Services and Wise Borderless Business. EEA (European Economic Area) nationals with a Monese Personal account can set up a business account without a presence in the UK.

Use an accountant who specialises in banking solutions for non-UK headquartered companies operating in the UK. NZTE can help direct you to service providers that have experience working with NZ companies in this space.

Paying tax

All UK tax is administered by Her Majesty’s Revenue and Customs (HMRC). Most companies register for Corporation Tax and PAYE as an employer at the same time as registering with Companies House. You must provide HMRC with specific information about your business within 3 months of starting it up.

Company tax

A company is resident in the UK if it a) is incorporated in the UK, or b) has its central management and control in the UK.

The standard rate of corporation tax is 25% for companies with profits over £250,000. A 'small profits' rate of 19% applies to companies with profits under £50,000. Those in between pay tax at the main rate, reduced by a marginal relief. This provides a gradual increase in the effective Corporation Tax rate. (Prior to 2023, the main rate was 19%.)

Rates apply to both resident and non-resident companies. The average European corporate rate is 21.3%.

Tax incentives

The UK Government provides generous tax incentives to encourage companies to undertake research and development (R&D) projects. There are R&D tax credits to enable companies that incur costs in developing new products, processes or services to receive a cash payment or a tax deduction.

The UK Patent Box allows companies to apply a reduced corporation tax rate (10%) on profits attributable to patented inventions and certain other IP rights.

Income tax/individual tax

The UK is also an attractive destination for personal taxes. Tax is charged on total income (from all earned and investment sources) less certain deductions and allowances. Scotland has a different tax regime, as set by the Scottish Parliament. New Zealand has a double tax agreement with the UK, so you should not be taxed twice on any UK income.

Employing staff

Recruitment agencies can help you in your search for employees in the UK – they have existing databases of pre-screened candidates ready to work.

Agencies also have a thorough understanding of UK recruitment and employment legislation, but it involves a fee. Standard recruitment costs tend to range from 15-20% of a candidate’s first annual salary. This can go up to 30% for more difficult-to-fill positions.

Advertising and online sourcing can also be used to find staff. However, this can be time consuming, and it can be hard to choose the best platform and find the right candidates.

Key employment laws

The UK has one of the least restrictive and most flexible systems of employment law – particularly compared to other European countries. This is because employment law is still largely based on the contract.

The current minimum wage was increased in 2021 to £11.44/hr for anyone over the age of 21, and less for those between 16-20.

Working Time Regulations 1998 gives the right to 28 days paid holidays, breaks from work, and attempts to limit excessively long working hours. (Bank or public holidays do not have to be given as paid leave. An employer can choose to include bank holidays as part of a worker’s statutory annual leave.)

UK employers must comply with health and safety standards in relation to their employees.

Workplace pension scheme

All employers must offer a workplace pension schemeby law. Under the Pensions Act 2008, every employer in the UK must put their qualifying employees into apension scheme and, where appropriate, pay contributions if they’re eligible for automatic enrolment.

If an employer doesn’t have to enrol an employee by law, they can still join a pension scheme and an employer can’t refuse.

Business insurance

The onlybusiness insurance that’s mandatory under UK law is Employers’ Liability (EL) insurance. This is a legal requirement for most businesses that employ staff, even on a casual basis. The insurance covers up to £5 million – you can be fined £2500 for each day you are not insured.

Work visas

The UK uses a 5-tier points-based system for its immigration scheme. Some of the more common visa categories are:

Skilled Worker visa(formerly Tier 2): Applies to foreign nationals who have a skilled, graduate-level job offer to fill a gap in the workforce that cannot be filled by a settled worker.

Innovator Founder visa (formerly Start Up visa, or Entrepreneur visa). If you want to set up and run an innovative business in the UK, it must be different from anything else on the market.

Investor visa: these were available but closed in 2022.

Business visitor visas. These are available for those who want to visit and do business in the UK for a short time. If their visit is for 183 days or less and they want to remain on the home company payroll, they should also apply for the STBVA tax relief scheme.

If you want to transfer a non-European employee from an overseas office to set up and run a new UK operation, that person should apply for a sole representative visa before you start trading in the UK. Consult your legal experts for help with this.

Employing European Economic Area (EEA) nationals

Citizens of EEA countries previously had the right to live and work in the UK under the Single Market’s freedom of movement. However, post Brexit there are new requirements for employing EEA nationals. An EU passport or national identity card alone is no longer valid proof of someone’s right to work in the UK. You'll need to check their immigration status either digitally or by verifying their right-to-work documents.

The rules are slightly different for Irish citizens who can continue to use their passport or identity card to prove their right to work.

Legal considerations

General Data Protection Regulation (GDPR) and Data Protection Act

The UK is subject to the GDPR. It applies to the processing of ‘personal data’ by controllers and processors based in the UK, by those based outside of the UK offering goods/services to people in the UK, and to personal data exported from the UK to other countries.

If a company offers services to those in the UK, and therefore collects and processes personal information of UK citizens, it’s highly likely that the GDPR applies to them.

The UK is also subject to the Data Protection Act, which provides additional requirements to the GDPR – the 2 laws are read side by side.

Transfer of information between the UK and EU

Following the UK’s departure from the EU’s Single Market in January 2021, the EU’s GDPR no longer applies in the UK. However, in June 2021, the EU adopted an adequacy decision that allows personal data to flow freely between Europe and the UK. UK companies can continue to receive personal data from Europe without having to put in additional arrangements.

Transfer of information out of the UK

If a transfer of EU or UK personal data is to a country outside the UK, there needs to be an adequacy decision in respect of the country to which the data is being transferred (such that exists with NZ). Alternatively, the organisation needs appropriate safeguards in place (such as standard contractual clauses).

Transfer of information from New Zealand into the UK

If a company transfers information from New Zealand to the UK, NZ’s Privacy Act will apply, and any obligations provided under that legislation must be met.

Source: https://my.nzte.govt.nz/article/setting-up-operations-in-the-uk

#UK #setting up #registering in UK

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rego-law · 4 months ago

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Professional Business Incorporation Lawyers: Tailored Legal Solutions for Your Business

Business Incorporation Lawyers Starting a business can be one of the most exciting ventures in your professional career. However, the process of incorporation comes with its own set of challenges, many of which require expert legal guidance.

At Rego & Rego Attorneys at Law, we specialize in helping entrepreneurs and businesses navigate the complex landscape of incorporation. Whether you’re starting a new company, restructuring, or expanding into new markets, our team of experienced business incorporation lawyers is here to ensure that your legal foundation is as strong as your business aspirations.

What is Business Incorporation? Incorporation refers to the legal process of forming a company, which involves creating a separate legal entity that is distinct from its owners. Once a company is incorporated, it enjoys various legal benefits, such as limited liability for its shareholders and enhanced credibility in the eyes of customers and investors.

The incorporation process requires adhering to local, national, and sometimes international regulations. That’s where Rego & Rego Attorneys at Law comes in. We understand the complexities of business law, and we’re here to simplify the process so that you can focus on growing your business.

Why You Need a Business Incorporation Lawyer Many entrepreneurs assume that they can handle the incorporation process themselves using online tools or templates. While this may work for some, incorporating a business involves intricate legal details that can easily be overlooked.

Here are several reasons why hiring a business incorporation lawyer is crucial:

Choosing the Right Structure: The first step in incorporation is deciding on the best legal structure for your business. Whether you are forming a limited liability company (LLC), a corporation, or a partnership, each structure comes with its own tax implications, management requirements, and legal liabilities. Our team at Rego & Rego Attorneys at Law will help you choose the structure that aligns with your business goals while minimizing risk and maximizing flexibility.

Compliance with Legal Requirements: The incorporation process involves meeting various legal requirements, such as drafting articles of incorporation, filing the appropriate documents with Companies House (in the UK), and adhering to ongoing regulatory obligations. We ensure that your company complies with all relevant laws, from initial registration to the regular filings required to maintain good standing.

Minimizing Legal Risks: Incorporation reduces personal liability for business owners, but there are still risks if the process is not handled correctly. A poorly executed incorporation can leave your personal assets exposed or result in legal challenges down the road. At Rego & Rego Attorneys at Law, we ensure that your incorporation is legally airtight, protecting you from future disputes and financial risks.

Customized Legal Documents: Incorporation involves drafting critical legal documents such as bylaws, operating agreements, and shareholder agreements. These documents govern how your business will operate and outline the rights and responsibilities of shareholders, directors, and officers. A generic, one-size-fits-all document could lead to conflicts or misunderstandings in the future. Our lawyers customize these agreements to fit your specific needs and business goals, ensuring that your company operates smoothly.

Tax Considerations: Different business structures have different tax obligations. Our legal team works closely with tax professionals to ensure that your business is set up in the most tax-efficient way possible. We can help you understand the tax implications of incorporation and guide you in making decisions that will benefit your business in the long run.

Ongoing Legal Support: Incorporation is not a one-time event. Once your company is formed, you will still need to adhere to a variety of legal obligations, including holding annual meetings, filing taxes, and updating company records. Rego & Rego Attorneys at Law provides ongoing support to help your business stay compliant and protected from legal risks.

The Incorporation Process with Rego & Rego Attorneys at Law

Here’s how we assist with the incorporation process:

Initial Consultation: We start with a comprehensive consultation to understand your business model, goals, and specific needs. Based on this information, we provide tailored advice on the best incorporation structure for your business.

Document Preparation and Filing: Our team handles all the paperwork, from drafting articles of incorporation to filing with the appropriate authorities. We ensure that every document is accurate, complete, and compliant with local laws.

Establishing Governance Structures: We help you set up governance frameworks, such as shareholder agreements and bylaws, that define how your company will be managed. These documents are critical for maintaining order, preventing disputes, and ensuring legal compliance.

Ongoing Legal Compliance: After incorporation, we provide continued legal advice to ensure your business remains in good standing. This includes helping with regulatory filings, contract drafting, and any legal challenges that arise as your company grows.

Why Choose Rego & Rego Attorneys at Law?

At Rego & Rego Attorneys at Law, we pride ourselves on providing personalized, high-quality legal services. We understand that no two businesses are the same, and that’s why we offer customized solutions for each client. Our incorporation services are designed to set your business on a path to success, giving you peace of mind knowing that the legal aspects of your company are in expert hands.

Our team of skilled attorneys has extensive experience in business law and is committed to helping you build a solid legal foundation. Whether you’re launching a new venture or restructuring an existing business, we provide clear, actionable legal advice to help you achieve your goals.

Conclusion: Incorporating your business is a critical step toward ensuring its success and longevity. At Rego & Rego Attorneys at Law, our business incorporation lawyers are here to make the process as smooth as possible. From selecting the right structure to preparing legal documents and ensuring ongoing compliance, we offer comprehensive legal services tailored to your needs. Contact us today to schedule a consultation and let us help you build a strong legal foundation for your business.

#Business Incorporation Lawyers

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georgeshutcheson · 9 months ago

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What are the Costs of Setting Up a Limited Company in UK?

New Post has been published on https://www.fastaccountant.co.uk/costs-of-setting-up-a-limited-company/

What are the Costs of Setting Up a Limited Company in UK?

Setting up a limited company may seem like a daunting task, but it’s actually easier than you might think. In fact, it can be done within 24 hours, and for just a few pounds. There are three options for setting up a limited company: do it yourself through Companies House, use a third-party agent, or enlist the help of an accountant. Each option has different fees and completion times, so it’s important to weigh your options and choose the best one for you. In this article, we’ll explore the costs of setting up a limited company and provide you with all the information you need to make an informed decision.

Cost to Register a Limited Company

Setting up a limited company may seem like a daunting task, but it doesn’t have to break the bank. The costs of setting up a limited company will vary depending on the method you choose. However, with careful planning and research, you can keep the costs to a minimum and ensure a smooth registration process.

Registering Online for Private Limited Companies

If you choose to register your private limited company online, the fee is just £12. This option is perfect for those who want a quick and convenient way to set up their company. To be eligible for this online registration, your company must meet certain criteria. First, it must have everything needed for setup, including being limited by shares and using standard articles of association. You’ll also need to fill out form IN01 and provide the necessary director and shareholder details, as well as your registered address. Once you pay the registration fee, your company will be registered within 24 hours.

Registering by Post for Public or Private Limited Companies

For those who prefer to register their company by post, Companies House offers options for both public and private limited companies. The cost for this service is slightly higher, with a fee of £40 for the 8-10-day turnaround and £100 for the same-day service. When registering by post, you’ll need to include a cheque made out to Companies House along with your application. It’s important to note that the same criteria mentioned earlier for online registration also apply to postal registration.

Requirements for Setting Up a Limited Company

Before you can register your limited company, there are a few requirements that must be met. These requirements ensure that your company is set up legally and operates within the guidelines set by Companies House.

Company Name

When choosing a company name, it’s important to ensure that it is unique and not already registered by another company. In addition, company names for private limited companies typically include the word “Limited” or “Ltd”. This word is a key indicator that the company is registered as a limited company. However, there are exceptions to this rule. For example, if your articles of association state that your company cannot pay its shareholders, you may not need to include “limited” in your name. Additionally, if you want to trade under a different name from your registered company name, your trading name should not include “limited.” If you ever need to change your registration name, be aware that Companies House charges a fee for this service.

Memorandum of Association

The Memorandum of Association is a legal document that includes a signed statement by all initial shareholders or guarantors. This document confirms their agreement to form the company and provides important details such as the company name, location, and business type. When registering online, the Memorandum of Association is automatically generated as part of the registration process. However, when registering by post, you’ll need to include this document separately. Templates for the Memorandum of Association can be found online, and it’s important to ensure that you select the appropriate Standard Industrial Classification (SIC) code for your business type.

Completed Form IN01

Form IN01 is a crucial part of the registration process, as it provides all the necessary personal and company details required by Companies House. This form asks for information about yourself, your shareholders, and your directors, including details such as birthplace, telephone number, National Insurance number, and passport number. If you don’t have a company address at the time of registration, you can use a personal address. It’s important to note that you’ll also need to state that your limited company complies with the terms and conditions of the Companies Act.

Articles of Association

The Articles of Association are a legal document that outlines the rights and powers of your company’s shareholders and directors. Companies House provides standard articles, also known as model articles, which are the default set of articles established by the Companies Act 2006. Alternatively, you have the option to write and upload your own articles with the assistance of a legal adviser. The Articles of Association are an important document that governs how your company operates, so it’s essential to ensure they accurately reflect your company’s values and objectives.

Costs of Setting Up a Company with an Accountant

Many entrepreneurs choose to enlist the help of an accountant when setting up a limited company. An accountant can provide valuable guidance and assistance throughout the registration process, ensuring that all paperwork is completed correctly and on time. The costs of setting up a company with an accountant can vary depending on the level of involvement required. In some cases, accountants may even set up your limited company for free if you sign up for their monthly services. If not, there will be a one-off fee for their services.

In addition to helping with the initial set-up, accountants can also assist with ongoing financial management and compliance. Once your company is registered, there are various statutory obligations that need to be fulfilled, such as submitting financial accounts and tax returns. An accountant can help you understand these obligations and ensure that you remain compliant.

What Happens after Company Registration

After successfully registering your limited company, there are a few important steps to take to ensure your company is fully operational and compliant.

Receiving a Certificate of Incorporation

Once your company is registered, you will receive a Certificate of Incorporation. This document serves as proof that your company legally exists and displays your company name and date of formation. This certificate is an essential document that will be required for various business activities, such as opening a business bank account or applying for business licenses and permits.

Registering for Corporation Tax

One of the advantages of registering your limited company online is that you will be automatically registered for Corporation Tax at the same time. However, if you registered by post or through a formation agent, you will need to separately register for Corporation Tax within three months of starting your business. Corporation Tax is the tax on the profits made by your limited company, and it’s important to ensure that you comply with all tax obligations.

Annual Confirmation Statement

As a limited company, you will be required to file an Annual Confirmation Statement with Companies House every year. This statement confirms that all the company details held by Companies House are accurate and up to date. The cost to file this statement is £13 online, and £40 by post. Filing this statement is a legal obligation, and failure to do so can result in penalties or even the dissolution of your company.

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Other Costs Associated with Running a Limited Company

In addition to the initial registration and ongoing compliance costs, there are other expenses to consider when running a limited company. These costs will vary depending on the nature and size of your business, but some common expenses include:

Rent and utilities for office or workspace

Wages and salaries for employees

General overhead expenses such as office supplies and equipment

Digital marketing assets such as website development and online advertising

Fees for accounting services to ensure accurate financial management and reporting

Insurance to protect your company and its assets

It’s important to carefully consider these costs when budgeting for your limited company and to regularly review your expenses to ensure they are aligned with your business needs.

Conclusion

Setting up a limited company is a relatively straightforward process that can be done with minimal cost. By understanding the registration requirements, considering the assistance of an accountant, and taking care of ongoing compliance obligations, you can ensure the success and smooth operation of your limited company. While there are costs associated with running a limited company, careful budgeting and financial planning will help you navigate these expenses and set your company up for long-term success.

#Costs of Setting Up #Costs of Setting Up a Limited Company #Costs of Setting Up a Limited Company in UK #setting up uk limited company

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excelvisibility-blog · 7 years ago

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SMRT – Making Blockchain Accessible for Startups

New Post has been published on https://masscryptocurrency.com/?p=2311

SMRT – Making Blockchain Accessible for Startups

In regards to the current climate of Cryptocurrencies and Blockchain, Regulation, volatility and scams have all seemed to suppress the fact that Blockchain technology itself is an amazing technological advancement in todays age.

UK based Smart Startup Company, founded by social and technology entrepreneur Simon Krystman promises to make it simple for ordinary businesses to benefit from the transparency and security provided by the blockchain, by launching SMRT (Smart Startup Token) contracts. The aim is to create a frictionless trade platform for startups and SMEs.

SMRT describes itself as a “vending machine for legal documents” that are then secured in the blockchain. The need to create contracts can be extremely onerous for start-ups, in terms of both money and time. Blockchain offers the opportunity to make enforcement cheaper and easier. However, few small businesses have the resources or understanding of blockchain technology to utilise it. The SMRT templates will cover the contractual areas that startups and small businesses encounter, such as shareholder and intellectual property agreements. They will also cover finance and trading agreements in the way the Ethereum blockchain was originally designed for.

Simon Krystman explained: “Established trading marketplaces could benefit enormously from our smart contracts, as buyers and sellers will have automatically enforced agreements to transfer money for goods and services. They also open the way for many new decentralised marketplaces, where the smart contracts are the enforcements of trade. Small businesses would be able to buy bundles of our smart contract templates to facilitate their sell/buy trades.”

The pre-ICO for investors is now open and ends on the 21st April 2018. Pre-ICO investors will receive a 50% Bonus for any SMRT purchases.

Team

The SMRT team are highly skilled and experienced in running successful businesses. They have a wide variety of talent, connections and expertise in blockchain, AI, entrepreneurship, funding, intellectual property, government and regulation, giving SMRT a very solid base. Some team members are working in an advisory capacity, while holding down high-profile jobs in industry, government and academia. Others are working full time to build the infrastructure of a world leading company. Upon completion of the ICO, the team will be expanding to bring onboard more in-house software developers, lawyers and finance specialists, building an internal infrastructure and one to manage partners.

Syed Kamall, Member of the European Parliament is the Regulatory Advisor to the SMRT Project, advised; “The technology offers some very exciting opportunities but as legislators internationally, we must also make sure that consumers have trust in it. Blockchain and smart contracts will be a game changer for startups.”

Simon Krystman concluded; “The core of our company is the marriage of legal agreements with blockchain software code, supported by data science and AI. Our key partners represent this core and employ leading practitioners in their respective domains.”

50% Bonus for Pre-ICO contributors

Visit https://smartstartuptoken.tech to find out more and join the Pre-ICO now.

Risk Warning

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. Your capital is at risk. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

The Merkle

#Accessible #Blockchain #Making #SMRT #Startups

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dan-werbe · 7 years ago

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Free Research Reports on These Real Estate Development Stocks — Xinyuan Real Estate, Brookfield Asset Management, Invitation Homes, and Summit Hotel Properties

WallStEquities.com strives to bring the best free research to the investment community. Today we are offering reports on XIN, BAM, INVH, and INN which can be accessed for free by signing up to www.wallstequities.com/registration. In today’s pre-market research, WallStEquities.com features the following stocks: Xinyuan Real Estate Co. Ltd (NYSE: XIN), Brookfield Asset Management Inc. (NYSE: BAM), Invitation Homes Inc. (NYSE: INVH), and Summit Hotel Properties Inc. (NYSE: INN). Companies in the Real Estate Development space own and manage commercial and residential properties, often leasing out units to renters. Their properties can include apartment complexes, office buildings, data centers, and more. All you have to do is sign up today for this free limited time offer by clicking the link below.

Xinyuan Real Estate

Beijing, China headquartered Xinyuan Real Estate Co. Ltd’s stock finished Thursday’s session 1.93% lower at $6.11 with a total trading volume of 226,219 shares. In the previous three months and over the past year, the Company’s shares have advanced 2.86% and 21.71%, respectively. The stock is trading above its 200-day moving average by 6.09%. Moreover, shares of the Company, which together with its subsidiaries, develops residential real estate properties for middle income consumers in China and the US, have a Relative Strength Index (RSI) of 31.35.

On February 09th, 2018, Xinyuan Real Estate announced that its Board of Directors has declared a cash dividend for Q4 2017 of US$0.05 per common share, or US$0.10 per American Depositary Share, which will be payable before March 15th, 2018, to shareholders of record as of February 28th, 2018. Get the full research report on XIN for free by clicking below at: www.wallstequities.com/registration/?symbol=XIN

Brookfield Asset Management

Shares in Toronto, Canada-based Brookfield Asset Management Inc. declined slightly by 0.10%, ending yesterday’s session at $40.22. A total volume of 1.56 million shares was traded, which was above their three months average volume of 1.19 million shares. The stock has gained 8.18% over the past year. The Company’s shares are trading 0.47% below their 200-day moving average. Moreover, shares of the Company, which through its subsidiaries, the firm invests in the property, power, and infrastructure sectors, have an RSI of 47.22.

On February 14th, 2018, BGIS, a subsidiary of Brookfield Asset Management, announced that it has entered into an agreement with the Special Manager for the Official Receiver to acquire a large portfolio of Carillion facility management contracts in the UK. Under the terms of the transaction, the Company will acquire a portfolio of UK contracts for the delivery of services in the hospital, education, justice, transport, and emergency services markets. Find your free research report on BAM at: www.wallstequities.com/registration/?symbol=BAM

Invitation Homes

On Thursday, Dallas, Texas headquartered Invitation Homes Inc.’s stock rose 3.98%, to close the day at $21.68. A total volume of 4.86 million shares was traded, which was above their three months average volume of 2.92 million shares. The Company’s shares have advanced 0.51% over the past year. The stock is trading 2.97% below its 200-day moving average. Additionally, shares of Invitation Homes, which focuses on owning, renovating, leasing, and operating single-family residential properties in the US, have an RSI of 48.54.

On February 02nd, 2018, Invitation Homes announced that it has declared a quarterly cash dividend of $0.11 per share, payable on shares of the Company’s common stock. The dividend will be paid on or before February 28th, 2018, to stockholders of record of the common stock as of the close of business on February 13th, 2018. Sign up today for the free research report on INVH at: www.wallstequities.com/registration/?symbol=INVH

Summit Hotel Properties

Shares in Summit Hotel Properties Inc. ended the day 1.08% higher at $14.04. A total volume of 683,775 shares was traded. The stock is trading below its 50-day moving average by 7.02%. Furthermore, shares of the Company, which focuses on owning premium-branded hotels with efficient operating models primarily in the upscale segment of the lodging industry, have an RSI of 35.18.

On February 20th, 2018, Summit Hotel Properties announced that its 2018 Annual Meeting of Shareholders will be held on May 17th, 2018, beginning at 11:00 a.m. ET. The meeting will be held at the Hyatt Place Scottsdale Old Town located at 7300 East Third Avenue, Scottsdale, Arizona 85251. It is open to all shareholders of record as of March 21st, 2018. Wall St. Equities’ research coverage also includes the downloadable free report on INN at: www.wallstequities.com/registration/?symbol=INN

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themastlegal-blog · 8 years ago

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Running a private Limited Company

Running a private limited company

Setting up a private limited company can suit all sizes of business and provides various advantages over operating as a sole trader or partnership. But it also generates more paperwork and official documentation, which is published at Companies House.

If you choose to set up a private limited company, registration with Companies House is essential and this includes choosing a name which hasn't already been taken. Putting in place a shareholders' agreement at the start can avoid potential future conflict. Directors will be responsible for running the company and have various legal duties, among them ensuring that an Annual Return is submitted every year, whether or not the company is trading. Statutory accounts will normally also need to be submitted to Companies House. Keeping board minutes can help to ensure the directors consider their duties when making decisions and are a legal requirement in their own right. If the company wants to appoint a non-executive director, a letter of appointment can lay out their terms, helping to smooth this relationship. Finally, if the company needs to lend or borrow money from another company for funding purposes, a professionally written loan agreement is extremely important.

What is a private limited company?

Many people opt to set up private limited companies, as structuring your business in this way allows your company's finances to be separated from your personal finances. Corporation tax must be paid out of any profits and the remaining profits available for distribution can then be paid as a dividend to shareholders. Directors run limited companies and owe legal duties, primarily to the company and its shareholders.

How to set up a private limited company

First, you'll need to choose a company name. This is different to a business name, and you will need to find a name which has not already been registered. This can then be used to register your business with Companies House, which is a requirement for all limited companies.

Running a private limited company

Running a limited company entails on-going reporting and filing responsibilities in each financial year. Even if the company does not trade, an Annual Return must be filed at Companies House. If you are late in filing, you can be prosecuted or the company could be closed down. The Annual Return should include details of:

the company's directors

the company secretary (if one is appointed)

the registered office

the company's principal business activities

the issued share capital and shareholders

where the company's records are kept.

If your company is trading, statutory accounts should also be submitted and these include:

a profit and loss account

a balance sheet signed by a director on behalf of the board

notes to the accounts

a directors' report signed by a secretary or director

an auditors' report signed by the auditors (unless the company is exempt from audit).

The company must register for VAT if it expects turnover to be more than the current threshold and directors must submit a self-assessment tax return each year and pay tax and National Insurance through the PAYE system if the company pays them a salary.

Company directors are legally responsible for managing a company's business and can be personally liable for a company's actions. The directors are responsible for managing the business of the company on a day to day business or can delegate this to others. Normally, company directors have been formally appointed by a set legal process and are listed on the UK Companies Register.

Documents a private limited company might need Board minutes

All private limited companies are legally required to keep minutes of board meetings. It can help to use a professionally prepared board minutes template document. A board minutes template can be used to record a selection of routine decisions agreed by the board business, such as appointing directors, appointing the company secretary, approving the statutory accounts and approving draft documents. Maintaining accurate board minutes also means that the directors’ consideration of their legal duties can be properly recorded and kept as evidence.

Shareholders' agreement

The shareholders are not involved in the day to day running of the company, but their approval is required for certain matters and this is increasingly the case. Putting in place a shareholders' agreement formalises the rights and obligations of the shareholders. It can record such things as: the procedure at board and shareholder meetings, what type of decisions must have a unanimous shareholder approval and the procedure for transferring shares. The agreement may also include provisions on how to resolve disputes (eg referring to an arbitrator) and a buy-out procedure. It can be used between some or all of your company's shareholders as an effective way of ensuring stability and continuity and also covers important issues such as company administration and day to day management.

Loan agreement

If your private limited company intends to lend or borrow money for funding purposes, it's vital that you have a professionally written loan agreement in place to protect your business interests. A loan agreement contains everything needed to protect both parties and comply with the law in the process, and covers repayment details, “warranties” given by the borrower, obligations and restrictions on the borrower, as well as how to end the loan agreement.

Non executive LOA

If the company decides to appoint a non-executive director, you can set out the terms of their appointment using a letter of appointment (LOA). This is an effective way to set out clear directorship terms, laying the foundation for a mutually rewarding relationship between company and director. It covers key areas such as director's duties, payment of fees, tax, insurance and indemnity arrangements. Non-executive directors can be a very useful addition to start-up boards by providing valuable, independent advice.

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