Forms of business vehicle

Forms of business vehicle guidance:

What is a charitable incorporated organisation (CIO)? A charitable incorporated organisation (CIO) is a form of legal entity that is only available to charities. A CIO: •...

Practice Note

What is a community interest company? A community interest company (CIC) is a type of limited liability company formed specifically for the purpose of carrying on...

Practice Note

What is a company limited by guarantee? Limited companies can be either limited by shares or by guarantee. A company limited by guarantee is a type of company whose...

Practice Note

It is important that the most appropriate form of vehicle is chosen to carry on a business; the choice of vehicle may have a bearing on the business’s success or failure....

Practice Note

FORTHCOMING CHANGE: for financial year 2020, the main rate of corporation tax will fall to 17% . When one or more individuals decide to start a business, they have a...

Practice Note

When looking at the definition of chargeable transfers and transfers of value in the Inheritance Tax Act 1984 (IHTA 1984), it is perhaps not immediately apparent that...

Practice Note

Summary of tax considerations The concept of a close company is intended to capture those companies that are closely controlled (ie by the owners and managers) and...

Practice Note

FORTHCOMING CHANGE: the main rate of corporation tax will fall to 17% for financial year 2020. When one or more individuals decide to start a business, they have a choice...

Practice Note

What is an unincorporated association? An unincorporated association: • is an organisation formed when two or more persons (the members) carry on activities together for...

Practice Note

What is an unlimited company? An unlimited company is a private company whose members are not limited in their liability to contribute to the obligations of the company...

Practice Note
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