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In order to encourage more employee owned businesses, which evidence suggests are more resilient in tough economic times, the Government is proposing changes to the company law share buy back rules. These changes are intended to remove or reduce some of the barriers and disincentives to companies in allowing their employees to have direct share ownership. Read more
Certain small companies, LLPs and qualifying subsidiaries may be able to claim an exemption from having their annual accounts audited under new relaxations which are being brought in for financial years ending on or after 1 October 2012. In addition dormant subsidiaries will be exempt from even preparing and filing annual accounts. Read more
You don’t need to any more. Since 1992 private limited companies (and since 1 October 2009 public limited companies) have been able to have just one member. Read more
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