Registering Business & Shared Paternity Leave

Andybooth23

Hello,

I currently work in the NHS. Myself and my partner are both going to be sharing shared parental leave.

I'm intending in remaining in this job, however, I am additionally wanting to do some work for myself on the side in a field I really love as I now have picked up the relevant qualifications.

I am anticipating taking this leave in January and has been agreed by my employer. I will then be coming off it in April. I am wanting to register a business as a PLC on companies house to protect the name and would anticipate hopefully earning from the business in Summer/Winter next year. Will registering the business cause any issues for both our shared parental leave and also statutory pay benefits?

Thanks

Phoenix72

I doubt you will be registering as a PLC, perhaps you meant a Limited Company. There is a big difference.

Andybooth23

Phoenix72 said:

I doubt you will be registering as a PLC, perhaps you meant a Limited Company. There is a big difference.

Sorry yes good spot. Private Limited Company. I have had a registered business in the past, however, not when in current employment and looking at paternity and shared parental leave etc 

Marcon

Andybooth23 said:

Hello,

I currently work in the NHS. Myself and my partner are both going to be sharing shared parental leave.

I'm intending in remaining in this job, however, I am additionally wanting to do some work for myself on the side in a field I really love as I now have picked up the relevant qualifications.

I am anticipating taking this leave in January and has been agreed by my employer. I will then be coming off it in April. I am wanting to register a business as a PLC on companies house to protect the name and would anticipate hopefully earning from the business in Summer/Winter next year. Will registering the business cause any issues for both our shared parental leave and also statutory pay benefits?

Thanks

Quick sidetrack in case it's helpful....check the availability of a domain name, too - and register it in readiness. There's a brisk trade in people spotting newly formed companies, registering various variants of the name as domain names, and then writing to the registered office offering to sell them a 'suitable' domain...

General_Grant

Phoenix72 said:

I doubt you will be registering as a PLC, perhaps you meant a Limited Company. There is a big difference.

But it could look even more professional to be a PLC.
(Some people would think it was a bigger organisation or even that it was publicly listed on a stock exchange.)

Marcon

General_Grant said:

Phoenix72 said:

I doubt you will be registering as a PLC, perhaps you meant a Limited Company. There is a big difference.

But it could look even more professional to be a PLC.
(Some people would think it was a bigger organisation or even that it was publicly listed on a stock exchange.)

It'll just look daft. The registration requirements are also more stringent than for a normal limited company.

Anyone who understands what PLC means will also have the ability to check out the listing on Companies House...or simply look for a huge impressive website which won't be there...

Andybooth23

Marcon said:

Andybooth23 said:

Hello,

I currently work in the NHS. Myself and my partner are both going to be sharing shared parental leave.

I'm intending in remaining in this job, however, I am additionally wanting to do some work for myself on the side in a field I really love as I now have picked up the relevant qualifications.

I am anticipating taking this leave in January and has been agreed by my employer. I will then be coming off it in April. I am wanting to register a business as a PLC on companies house to protect the name and would anticipate hopefully earning from the business in Summer/Winter next year. Will registering the business cause any issues for both our shared parental leave and also statutory pay benefits?

Thanks

Quick sidetrack in case it's helpful....check the availability of a domain name, too - and register it in readiness. There's a brisk trade in people spotting newly formed companies, registering various variants of the name as domain names, and then writing to the registered office offering to sell them a 'suitable' domain...

Just on this also, I think there's a few sneaky websites currently where when you type in gov.uk company name checker to gain availability, a lot of the ads are for OTHER websites that I suspect will be quickly registering the domain name like you say! 

Hoenir

General_Grant said:

Phoenix72 said:

I doubt you will be registering as a PLC, perhaps you meant a Limited Company. There is a big difference.

But it could look even more professional to be a PLC.
(Some people would think it was a bigger organisation or even that it was publicly listed on a stock exchange.)

PLC's can be private. If I recall correctly requires issued share capital to be at least £50k.