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Compliance Team
Angels Den

Dear User,

You may have heard about the new General Data Protection Regulation (“GDPR”), that comes into effect May 25, 2018.

We would like to ensure you that your personal data is safe with us. Please read the details regarding the processing of your personal data and if you agree with the processing as described below, please click the ‘I agree’ button.

Please be informed that you can withdraw this consent at any time.

1) What data are we talking about?

We are disclosing details regarding the processing of personal data that is collected within our calls and in connection with your use of Angels Den’s platform, Websites and other functionalities of Angels Den, including those saved in cookies files.

2) Who will be the controller of your data?

Angels Den Funding Limited (hereinafter referred to as AD) will be the controller of your data (Angels Den means all entities from the Angels Den capital group, which includes Angels Den Funding Limited with its registered office in London and all entities related to it and dependent on it) and only our Trusted Partners.

3) Why do we want to process your data?

We process this data for the purposes described in our Privacy Policy, including:
- compliance with any legal requirements and obligations,
- ensuring that content from our Website is presented in the most effective manner for you,
- marketing purposes,
- providing you with our services (including the completion and support of immediate activity required to provide you with information and deliver products and/or services that you request and to deliver any contracts entered into with you), or
- as otherwise explained in this privacy policy or by any communication by us.
Where you have explicitly consented to be contacted for such purposes, we use your personal data to provide information on our new and existing products and services.

4) To whom can we transfer data?

In accordance with applicable law, we may transfer your data to entities processing it at our request, e.g. marketing agencies, subcontractors of our services and entities authorized to obtain data under applicable law, e.g. courts or law enforcement agencies - of course only if they submit a request based on an applicable legal basis. Furthermore, we will transfer your data to Trusted Partners outside the European Union – to the USA – under the EU-U.S. Privacy Shield Framework.

5) What are your rights to your data?

You have the right to request access to, correct, delete your personal data. You can also withdraw consent to processing of personal data, raise objections and use other rights granted under GDPR (i.e. right to data portability).

6) Use of cookies

We use cookies to give you the best experience on our Website. This means that we have placed cookies on your device. If you continue without changing your cookie settings, we assume that you consent to our use of cookies on this device. You can change your cookie settings at any time but if you do, you may lose some functionality on our Website. More information can be found in our Privacy Policy.

In connection with the above, I agree to the processing of my personal data by Angels Den and its Trusted Partners. I confirm that I understand that my personal data is being collected as part of my phone calls, use of AD’s online platform, Websites, and other functionalities of AD, including the data saved in cookie files. I also consent to profiling in order to allow Angels Den and its Trusted Partners the provision of better services (including for analytical purposes). Your data will only be processed on a valid lawful basis in accordance with applicable data protection laws. The processing of your personal data for marketing purposes (including statistical analysis) by AD is based on the firm's legitimate interest. The processing for marketing purposes by our Trusted Partners is only possible if we receive your freely given consent. We will also process your personal data to fulfil our contractual obligations to you as contained in AD’s Terms and Conditions of the use of our Website and services. Therefore, this data will be processed on another lawful basis – ‘contract’. We will also process your data to comply with our legal obligations for our Service (such as anti money laundering and know your customer requirements), which is also a valid lawful basis in accordance with applicable data protection laws.

Expressing this consent is voluntary and you can withdraw at any time.

If you have any doubts or questions about the use of your personal data, please do not hesitate to contact me via email. I’m happy to assist.

Compliance Team
Angels Den
cl@angelsden.com

Setting Up a Limited Company in the UK

Setting an LLC in UK Angels Den

Starting a limited company can be a great option for a small business owner, as well as for freelancers or contractors. Aspiring entrepreneurs who are looking to get started need relevant information and guidance. At Angels Den Funding, we are always looking for the best businesses out there and have partnered with other professionals to meet the needs of startups.

If you are considering setting up a Limited Company in the UK, take the following steps into consideration:

1. Verify if setting up a Limited Company is the right solution for you

The two main choices are Private Limited Companies (LTDs) and Public Limited Companies (PLCs). Most freelancers, contractors, start-ups and small business owner will opt for a Private Limited Company, since Public Limited Companies need to meet certain requirements that are not always compatible with early-stage businesses.

A private limited company can also be a company ‘limited by shares’ or ‘limited by guarantee’.

Limited by shares companies are usually businesses that make a profit. This means the company:

Limited by guarantee companies are usually ‘not for profit’. This means the company:

What sort of work you do should be the main factor that influences the way you set up your business. It can also affect the way you pay tax and get funding.

2. Select a name for your company

If you decided to set up a private limited company, the next step is to choose a name for your business. While it sounds easy, some rules apply and the process can become frustrating if you discover, for instance, that the name you had in mind is the same as another registered company’s name.

Use the Companies House register for the name availability checker. With certain exceptions, your name must usually end in either ‘Limited’ or ‘Ltd’. Your name also cannot contain a ‘sensitive’ word or expression, or suggest a connection with government or local authorities, unless you get permission. In addition to this, there are rules you must follow about displaying your company name.

3. Choose the people and prepare the documents

If you are an organised person, the bureaucratic part should not cause you any significant stress. Of course, there is always the option of requesting professional help if you consider it necessary. The responsibilities that this step involves usually include:

·       Choosing directors and a company secretary

·       Deciding who the shareholders or guarantors are

·       Identifying people with significant control over your company

·       Preparing documents agreeing on how to run the company

·       Checking what records you will need to keep

4. Register your company

You can register your company:

Most companies register for Corporation Tax and PAYE as an employer at the same time as registering with Companies House. You will need to register for Corporation Tax separately if you registered your company using the other 3 methods presented above. Keep in mind that you may get a penalty if you register late.

After setting up a Limited Company, you get one step closer to achieving your business goals. This requires further efforts, but Angels Den Funding understands startups’ challenges and has forged partnerships to cater to the needs of early-stage companies. Visionary Accountants are one of our partners. Visionary’s team of dedicated tax and accountancy specialists are trained to work with SMEs not only to deliver accountancy services accurately and efficiently, but also to provide support and advice to improve business performance.

Should you be interested in their services, please get in touch with us by sending an email at partnerships@angelsden.com with your contact details.