This explains to everyone why you’ve set up the company, and how you plan to run it.Limited company name, location, business type.
Setting up Ltd company that requires formal documentation and forms submitted to companies house who is responsible for all limited company registration in the UK and registering with HMRC for Tax.
The limited company incorporation process requires the submission of a number of documents. and comes with limited company tax responsibilities.
The registration process can either be completed by yourself, an accountant or a formation company.
Choose which type of limited company to set up the two main choices private limited companies (LTDs) or public limited companies (PLCs) small businesses will opt for a Private Limited Company.
Deciding on your name can be difficult as your company name has to be completely unique.
Now it’s time to formally register that you are a limited company by submitting the documents below.
Does the running of your business include several repetitive tasks? If there’s no guidance or procedure in place, it’s possible for some of the steps in the process to get forgotten. This is why checklists are important.
People get distracted, and when something gets forgotten, it’s much harder to recover than if they’d completed the task right in the first place.
Guidance every step of the way makes sure something is completed perfectly every time.
Read More: Why is a Checklist Important?
We all carry enormous knowledge and experience that we want to apply effectively, but we are all prone to make mistakes. There’s only so much we can store in our heads without forgetting something. How to maximise our use of knowledge?
The simple answer to this problem is to use checklists.
How many types of checklists are there? Two. What are the two types of checklists? Read-Do and Do-Confirm checklists are about how you use checklists.
Read More: Types of checklist: What are the two most powerful Checklist Types?
A checklist is a way to document each step needed to complete a task. A detailed set of instructions, a guide of how something is done.
Checklist software allows you to document every step of a process to be used over and over again.
Read More: Checklist Software