Business Disclosure – do it right or risk a penalty

Young woman with checklist over shoulder shot

Displaying the right information on the right documents is important, so here is a quick reminder…
LetterheadThe rules for companies are set out in The Companies (Trading Disclosures) Regulations 2008

The key sections is…

6.  (1)  Every company shall disclose its registered name on—

(a)its business letters, notices and other official publications;

(b)its bills of exchange, promissory notes, endorsements and order forms;

(c)cheques purporting to be signed by or on behalf of the company;

(d)orders for money, goods or services purporting to be signed by or on behalf of the company;

(e)its bills of parcels, invoices and other demands for payment, receipts and letters of credit;

(f)its applications for licences to carry on a trade or activity; and

(g)all other forms of its business correspondence and documentation.

(2) Every company shall disclose its registered name on its websites.

Companies House enforce the regulations and can levy penalties of £1000 for non compliance.

Sole Traders can trade under their own name or a “trading as” name provided its not offensive, contains sensitive or resticted words, includes PLC, Limited Company, LLP or is similar to another business (check the internet for potential conflicts).

Partnerships should show all the partners names or if there are more than 20 partners it may keep a list of names at its principle place of business.

steve@bicknells.net

include the terms public limited company (plc), limited (ltd), limited liability partnership (LLP) – See more at: http://www.nibusinessinfo.co.uk/content/names-sole-traders-partnerships-and-limited-partnerships#sthash.7qxBYEey.dpuf
include the terms public limited company (plc), limited (ltd), limited liability partnership (LLP) – See more at: http://www.nibusinessinfo.co.uk/content/names-sole-traders-partnerships-and-limited-partnerships#sthash.7qxBYEey.dpuf