Glossary
Company formation and tax glossary
The terms you will meet when forming a company in the US or the UK, filing its returns and running it, each explained in plain language with its official source.
Annual report (state)Annual report and annual state taxArticles of OrganizationLLC formation document (in Delaware: Certificate of Formation)BOI reportBeneficial Ownership Information report (FinCEN)C Corporation (C-Corp)C corporation — a US company taxed as a separate taxpayerCertificate of Good StandingOfficial certificate of a company’s status on the state recordCertifying Acceptance Agent (CAA)IRS-authorized document verifier for ITIN applicationsDisregarded entityAn entity disregarded as separate from its ownerDissolutionWyoming: Articles of Dissolution · Delaware LLC: Certificate of CancellationEINEmployer Identification Number (federal tax ID)Form 1120U.S. Corporation Income Tax ReturnForm 5472Information return on transactions of foreign-owned US companies with related partiesForm 7004Application for automatic extension of time to file business returnsForm 8832Entity Classification ElectionForm SS-4Application for Employer Identification NumberForm W-7Application for IRS Individual Taxpayer Identification NumberFranchise taxAnnual state privilege tax on companiesITINIndividual Taxpayer Identification NumberLLCLimited Liability CompanyOperating AgreementLLC operating agreement (in Delaware: limited liability company agreement)Registered AgentRegistered agent for service of processResale certificateSales tax resale (exemption) certificateResponsible partyResponsible party (Form SS-4)S Corporation (S-Corp)S corporation — a US corporation that passes its income through to shareholdersSales taxState and local sales and use tax
Accounting reference date (ARD)Accounting reference date — the end of a company’s financial yearAnnual accountsStatutory annual accountsArticles of AssociationArticles of association (and memorandum of association)Companies HouseThe UK registrar of companiesCompanies House identity verificationIdentity verification for directors and PSCsConfirmation statementAnnual confirmation of company details to Companies House (formerly the annual return)Corporation TaxUK tax on company profits, paid to HMRCCT600Company Tax Return (form CT600)DirectorOfficer legally responsible for running a UK companyDormant companyUK company that is not tradingMaking Tax DigitalHMRC rules for digital VAT records and returnsPAYEPay As You Earn — collecting tax and National Insurance through payrollPrivate limited company (Ltd)UK private company limited by sharesPSC (Person with Significant Control)Person with significant control (beneficial owner)Registered office addressA UK company’s official registered addressSIC codeStandard Industrial Classification codeStrike off (DS01)Voluntary strike-off and closure using form DS01UTRUnique Taxpayer Reference (HMRC)VAT registrationRegistering with HMRC for Value Added Tax
This page is general information, not legal or tax advice. Rules change; check the official source for the latest position or talk to us.
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