This article provides an explanation of each business type option available in step 2 (Tell us about your company) of the verification flow.
Your business is a legal entity in its own right and can be owned by one or multiple people (shareholders).
There are three types of limited company in the UK:
|Individual / sole trader||-||You are a self-employed individual and sole owner of your business.|
|Charity / non-profit||Registered charity||Your charity is registered with the Charity Commission in the UK and has it's own unique charity registration number.|
|Excepted charity||You operate under the regulation of the Charity Commission but you are exempt from registering or submitting annual returns. You will not have a charity number of your own.|
|Unregistered club or society||You are operating as a local or community club (for example, a local sports team or choir).|
|Other||You are operating as a non profit organisation but do not quite fit into the other categories. This is commonly used by School Associations, Religious organisations and local political groups.|
|Community amateur sports club (CASC)||This applies to sports clubs who have registered with HMRC as a CASC. If you are unsure if this applies to your organisation, you can check the register here.|
|Partnership||-||Unfortunately we are not able to process payments on behalf of partnerships other than LLPs at the moment. We're sorry for any inconvenience this may cause.|
If your business type isn't listed above, please check our article on other company types here.
If you're still unsure on how to proceed, please raise a ticket with our Support team for further assistance.