Below are a few commonly asked questions...

1. Do I need to have my Registered Office and details of directors and secretary on my company letter head?

A Company letter head must have the registered office of the company clearly visible and the companies registered number. There is no requiremnt to list the directors and secretary on the notepaper.

2. What is the difference between a company and an LLP (Limited Liability Partnership)?

A company is a separate legal entity enjoying its own legal status which conducts its business through its directors who are employees and responsible to the company and the shareholders. Its owners are its shareholders whose individual liability is limited to the extent of any unpaid sums the shares that they own. Those shares can be bought and sold in accordance with the companies own rules.

An LLP is a new form of business vehicle where the LLP has its own legal entity and its members (formerly partners) are liable for the capital of the LLP. The members conduct the affairs of the LLP which has freedom to transact and conduct its affairs as it sees fit for the benefit of the business and its participants and enjoy immunity for the debts and liabilities of the LLP unless negligence or fraud is proved.

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