Enhanced Employee Earnings

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  Glasgow Office
HBJ Gateley Wareing
146 West Regent Street
GLASGOW
G2 2RZ

MAP


T: 0141 221 8251
F: 0141 226 4799

Edinburgh Office
HBJ Gateley Wareing
Exchange Tower
19 Canning Street
Edinburgh
EH3 8EH

T: 0131 228 2400
F: 0131 222 9800

Registered office
HBJ Gateley Wareing
Exchange Tower
19 Canning Street
Edinburgh
EH3 8EH

Registered Number
SO300755
 


 
  Small Business
 
 
Q. I have set up a new business as a private limited company. What information do I need on my company letterhead?

A. The following information should be displayed on all company letters and order forms:
the country of registration of the company and its registered number;
the address of its registered office; and
if it has been permitted to dispense with the word "limited" as the last word of the name, the fact that it is a limited company. If the name of one director is being displayed then the names of all directors must be shown.

 
     
 
Q. What is the minimum number of directors the private limited company can have?

A. This is dependent upon the terms of the Articles of Association of the company but generally the minimum is two directors, one of whom can also act as company secretary. It is also permitted to have one sole director, however another individual must then act as company secretary.

 
     
 
Q. I am considering becoming a partner in a firm, are there ways of limiting my liability?

A. In an everyday partnership partners are liable for the debts and obligations without limit. There are other types of partnership entity, however, where it is possible to limit liability. These are either limited partnerships or limited liability partnerships.

 
     
 
Q. In Scotland, who is entitled to execute a deed on behalf of a limited company?

A. A deed should be signed by a director of secretary or authorised person before one witness. Alternatively it may be signed by two directors or by one director and the company secretary or by two authorised officials without a witness.

 
     
 
Q. What is a company limited by guarantee?

A. This is a private company which is limited by guarantee rather than by shares. Each member undertakes to pay a specified amount if the company is wound up while he is a member or within a year after he ceases to be a member. Often charities or other non-trading companies use this type of corporate vehicle.

 
     
 
Q. Who is entitled to inspect the statutory registers of a company?

A. The statutory registers of a company should be available for inspection by members, creditors and the general public for at least two hours daily during business hours.

 
     
 
Q. How do I go about changing my company's name?

A. Firstly, check with Companies House as to whether the name is available and thereafter the name may be changed by the passing of a special resolution of the members of the company. Once the special resolution has been passed a copy of the resolution changing the company name must be filed at Companies House within 15 days of its passing together with a cheque for £10.

 
     
 
To discuss your requirements, please get in touch with:

Calum Jones (Partner)
Telephone: 0141 221 8251
Email:

 

Frequently asked questions

Select the relevant business area below to see the appropriate FAQs.

Commercial Property
Construction
Corporate
Employment
Environment and Planning
Insolvency
Technology & Media
Liquor Licensing
Litigation
Private Client
Small Business

 
   
   

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