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Create Account. If you would like to register with Rapid Formations and import a company (or companies) to manage on our Admin Portal, please click 'Create Account.'. Create Account.SHARE CAPITAL
HOW DO I PAY MYSELF FROM A LIMITED COMPANY? Thank you for your kind enquiry. In general terms, the only number you need to know to arrange a salary sacrifice is the amount of salary being sacrificed, and what it is being sacrificed for (e.g. company card, childcare vouchers, pension contributions etc). HOW TO RESIGN AS A DIRECTOR What a director needs to do to resign. Step 1: Check the terms of your service agreement or employment contract to find out if there is any specific notice period or method of resigning. Step 2: Provide a written letter of resignation to the board of directors. A formal email will usually suffice, but some directors may prefer to send a IS A DIRECTOR AN EMPLOYEE OF A COMPANY? Company directors are officially classed as officeholders. Even if you’re a sole director of a small company and you run the business all by yourself, you are not automatically an employee of the company. The status of ‘employee’ is only afforded to directors ARE UK COMPANIES TAXED ON INCOME MADE ABROAD? Last updated: 7 Apr 2021. If a UK limited company carries out business operations overseas (e.g., runs an international office, shop, or factory), any profits made abroad will generally need to be added to the overall company profit for the purposes of Corporation Tax. However, the company may also be subject to foreign tax on income madeabroad.
CAN I CONVERT A LIMITED BY GUARANTEE COMPANY TO A LIMITED The vast majority of companies in the UK are limited by shares. However, some organisations choose to be limited by guarantee. At some point during the life of a company, as a result of a change in direction or policy, it may become preferable to operate under thealternative setup.
CAN UK COMPANY DIRECTORS BE BASED OVERSEAS?SEE MORE ON RAPIDFORMATIONS.CO.UK ARE COMPANY DIRECTORS LIABLE FOR ITS DEBTS? There are certain situations where company directors (irrespective of whether or not they are also shareholders) can be held liable for business debts. Here are some examples of how this might happen: 1. By having an overdrawn director’s loan account. A director’s loan account allows a director to take money out of their business in a way COMPANY FORMATION AND REGISTRATION £12.99 Setting up a limited company is easy. It could not be easier to set up a limited company or LLP with Rapid Formations. To start the company registration process, simply enter your company name into our name check tool, select a package (£12.99) and add any address services you may require, check out and take 5 minutes to complete your details.Your new company will usually be approved in 3 toREGISTER OR LOGIN
Create Account. If you would like to register with Rapid Formations and import a company (or companies) to manage on our Admin Portal, please click 'Create Account.'. Create Account.SHARE CAPITAL
HOW DO I PAY MYSELF FROM A LIMITED COMPANY? Thank you for your kind enquiry. In general terms, the only number you need to know to arrange a salary sacrifice is the amount of salary being sacrificed, and what it is being sacrificed for (e.g. company card, childcare vouchers, pension contributions etc). HOW TO RESIGN AS A DIRECTOR What a director needs to do to resign. Step 1: Check the terms of your service agreement or employment contract to find out if there is any specific notice period or method of resigning. Step 2: Provide a written letter of resignation to the board of directors. A formal email will usually suffice, but some directors may prefer to send a IS A DIRECTOR AN EMPLOYEE OF A COMPANY? Company directors are officially classed as officeholders. Even if you’re a sole director of a small company and you run the business all by yourself, you are not automatically an employee of the company. The status of ‘employee’ is only afforded to directors ARE UK COMPANIES TAXED ON INCOME MADE ABROAD? Last updated: 7 Apr 2021. If a UK limited company carries out business operations overseas (e.g., runs an international office, shop, or factory), any profits made abroad will generally need to be added to the overall company profit for the purposes of Corporation Tax. However, the company may also be subject to foreign tax on income madeabroad.
CAN I CONVERT A LIMITED BY GUARANTEE COMPANY TO A LIMITED The vast majority of companies in the UK are limited by shares. However, some organisations choose to be limited by guarantee. At some point during the life of a company, as a result of a change in direction or policy, it may become preferable to operate under thealternative setup.
CAN UK COMPANY DIRECTORS BE BASED OVERSEAS?SEE MORE ON RAPIDFORMATIONS.CO.UK ARE COMPANY DIRECTORS LIABLE FOR ITS DEBTS? There are certain situations where company directors (irrespective of whether or not they are also shareholders) can be held liable for business debts. Here are some examples of how this might happen: 1. By having an overdrawn director’s loan account. A director’s loan account allows a director to take money out of their business in a way HOW TO SET UP A HOLDING COMPANY Register a holding company online in 3 to 6 working hours. Setting up a holding company is exactly the same as setting up any other kind of private company limited by shares. You will have to provide the following information on an application form and file it at Companies House: company name. registered office address. THE RAPID GUIDE TO STARTING A BAKERY Baking has enjoyed a huge boost in popularity over the past couple of years. Thanks to the runaway success of a rebooted Great British Bake Off – alongside a surge in demand for an enhanced café culture across the UK – people are looking at baking in a whole new way. Some of you may even be thinking about starting a bakery! WHAT IS A SUBSCRIBER OF A COMPANY? A subscriber is a founding member of a limited company. They are called ‘subscribers’ because they subscribe (add) their names to the memorandum of association during the company formation process. By doing so, they are agreeing to form the company, become members, and have their names entered in the company’s register of members. HOW TO GET SECURITY CLEARANCE AS A UK CONTRACTOR Security clearance waiting times can vary drastically, depending on the type of checks which need to be carried out. The Baseline Personnel Security Standard can take a matter of days and the service is offered by a variety of private sector companies. Our Full Company Secretary Service - only £149.99 per year. COMPULSORY VS VOLUNTARY STRIKE OFF 1. Agreement – voluntary strike off requires action by the company (i.e. submitting form DS01) which has been agreed/signed by the majority of directors. Compulsory strike off is generally a result of inaction by the company and does not require any CONTRACTORS, FREELANCERS AND CONSULTANTS Contractors, freelancers, and consultants are self-employed individuals who work alone or as part of other businesses. These terms cause a great deal of confusion because they are often used interchangeably when discussing self-employment. However, there are significant differences between the three, which we discuss below. WHY YOU NEED A BUSINESS LANDLINE TELEPHONE NUMBER (AND WHY At Rapid Formations, we provide companies with a business landline telephone number and call answering service from just £19.99 plus VAT per month. Our reception team is expertly trained, and two professionals are assigned to each company to answer all calls in your company name during normal working hours. ARE COMPANY DIRECTORS LIABLE FOR ITS DEBTS? There are certain situations where company directors (irrespective of whether or not they are also shareholders) can be held liable for business debts. Here are some examples of how this might happen: 1. By having an overdrawn director’s loan account. A director’s loan account allows a director to take money out of their business in a way HOW TO FORM A COMPANY IN NORTHERN IRELAND How to form a company in Northern Ireland. To register a company in Northern Ireland, you must submit an incorporation application to Companies House Belfast. It’s an incredibly quick, simple, and affordable process that you can carry out online. Below, we explain what information you need to provide and how to file your completedapplication
HOW CAN YOUR BUSINESS REDUCE ITS CARBON FOOTPRINT? But the truth is, a lot of small measures you can take in order to reduce your company’s carbon footprint are actually simple and affordable. One of the first places you could start reducing your carbon footprint is by making your company premises more energy efficient. Investing in insulation for your building is one of themost effective
COMPANY FORMATION AND REGISTRATION £12.99 Setting up a limited company is easy. It could not be easier to set up a limited company or LLP with Rapid Formations. To start the company registration process, simply enter your company name into our name check tool, select a package (£12.99) and add any address services you may require, check out and take 5 minutes to complete your details.Your new company will usually be approved in 3 toREGISTER OR LOGIN
Create Account. If you would like to register with Rapid Formations and import a company (or companies) to manage on our Admin Portal, please click 'Create Account.'. Create Account.SHARE CAPITAL
HOW DO I PAY MYSELF FROM A LIMITED COMPANY? Thank you for your kind enquiry. In general terms, the only number you need to know to arrange a salary sacrifice is the amount of salary being sacrificed, and what it is being sacrificed for (e.g. company card, childcare vouchers, pension contributions etc). HOW TO RESIGN AS A DIRECTOR What a director needs to do to resign. Step 1: Check the terms of your service agreement or employment contract to find out if there is any specific notice period or method of resigning. Step 2: Provide a written letter of resignation to the board of directors. A formal email will usually suffice, but some directors may prefer to send a IS A DIRECTOR AN EMPLOYEE OF A COMPANY? Company directors are officially classed as officeholders. Even if you’re a sole director of a small company and you run the business all by yourself, you are not automatically an employee of the company. The status of ‘employee’ is only afforded to directors ARE UK COMPANIES TAXED ON INCOME MADE ABROAD? Last updated: 7 Apr 2021. If a UK limited company carries out business operations overseas (e.g., runs an international office, shop, or factory), any profits made abroad will generally need to be added to the overall company profit for the purposes of Corporation Tax. However, the company may also be subject to foreign tax on income madeabroad.
CAN I CONVERT A LIMITED BY GUARANTEE COMPANY TO A LIMITED The vast majority of companies in the UK are limited by shares. However, some organisations choose to be limited by guarantee. At some point during the life of a company, as a result of a change in direction or policy, it may become preferable to operate under thealternative setup.
CAN UK COMPANY DIRECTORS BE BASED OVERSEAS?SEE MORE ON RAPIDFORMATIONS.CO.UK ARE COMPANY DIRECTORS LIABLE FOR ITS DEBTS? There are certain situations where company directors (irrespective of whether or not they are also shareholders) can be held liable for business debts. Here are some examples of how this might happen: 1. By having an overdrawn director’s loan account. A director’s loan account allows a director to take money out of their business in a way COMPANY FORMATION AND REGISTRATION £12.99 Setting up a limited company is easy. It could not be easier to set up a limited company or LLP with Rapid Formations. To start the company registration process, simply enter your company name into our name check tool, select a package (£12.99) and add any address services you may require, check out and take 5 minutes to complete your details.Your new company will usually be approved in 3 toREGISTER OR LOGIN
Create Account. If you would like to register with Rapid Formations and import a company (or companies) to manage on our Admin Portal, please click 'Create Account.'. Create Account.SHARE CAPITAL
HOW DO I PAY MYSELF FROM A LIMITED COMPANY? Thank you for your kind enquiry. In general terms, the only number you need to know to arrange a salary sacrifice is the amount of salary being sacrificed, and what it is being sacrificed for (e.g. company card, childcare vouchers, pension contributions etc). HOW TO RESIGN AS A DIRECTOR What a director needs to do to resign. Step 1: Check the terms of your service agreement or employment contract to find out if there is any specific notice period or method of resigning. Step 2: Provide a written letter of resignation to the board of directors. A formal email will usually suffice, but some directors may prefer to send a IS A DIRECTOR AN EMPLOYEE OF A COMPANY? Company directors are officially classed as officeholders. Even if you’re a sole director of a small company and you run the business all by yourself, you are not automatically an employee of the company. The status of ‘employee’ is only afforded to directors ARE UK COMPANIES TAXED ON INCOME MADE ABROAD? Last updated: 7 Apr 2021. If a UK limited company carries out business operations overseas (e.g., runs an international office, shop, or factory), any profits made abroad will generally need to be added to the overall company profit for the purposes of Corporation Tax. However, the company may also be subject to foreign tax on income madeabroad.
CAN I CONVERT A LIMITED BY GUARANTEE COMPANY TO A LIMITED The vast majority of companies in the UK are limited by shares. However, some organisations choose to be limited by guarantee. At some point during the life of a company, as a result of a change in direction or policy, it may become preferable to operate under thealternative setup.
CAN UK COMPANY DIRECTORS BE BASED OVERSEAS?SEE MORE ON RAPIDFORMATIONS.CO.UK ARE COMPANY DIRECTORS LIABLE FOR ITS DEBTS? There are certain situations where company directors (irrespective of whether or not they are also shareholders) can be held liable for business debts. Here are some examples of how this might happen: 1. By having an overdrawn director’s loan account. A director’s loan account allows a director to take money out of their business in a way HOW TO SET UP A HOLDING COMPANY Register a holding company online in 3 to 6 working hours. Setting up a holding company is exactly the same as setting up any other kind of private company limited by shares. You will have to provide the following information on an application form and file it at Companies House: company name. registered office address. THE RAPID GUIDE TO STARTING A BAKERY Baking has enjoyed a huge boost in popularity over the past couple of years. Thanks to the runaway success of a rebooted Great British Bake Off – alongside a surge in demand for an enhanced café culture across the UK – people are looking at baking in a whole new way. Some of you may even be thinking about starting a bakery! WHAT IS A SUBSCRIBER OF A COMPANY? A subscriber is a founding member of a limited company. They are called ‘subscribers’ because they subscribe (add) their names to the memorandum of association during the company formation process. By doing so, they are agreeing to form the company, become members, and have their names entered in the company’s register of members. HOW TO GET SECURITY CLEARANCE AS A UK CONTRACTOR Security clearance waiting times can vary drastically, depending on the type of checks which need to be carried out. The Baseline Personnel Security Standard can take a matter of days and the service is offered by a variety of private sector companies. Our Full Company Secretary Service - only £149.99 per year. COMPULSORY VS VOLUNTARY STRIKE OFF 1. Agreement – voluntary strike off requires action by the company (i.e. submitting form DS01) which has been agreed/signed by the majority of directors. Compulsory strike off is generally a result of inaction by the company and does not require any CONTRACTORS, FREELANCERS AND CONSULTANTS Contractors, freelancers, and consultants are self-employed individuals who work alone or as part of other businesses. These terms cause a great deal of confusion because they are often used interchangeably when discussing self-employment. However, there are significant differences between the three, which we discuss below. ARE COMPANY DIRECTORS LIABLE FOR ITS DEBTS? There are certain situations where company directors (irrespective of whether or not they are also shareholders) can be held liable for business debts. Here are some examples of how this might happen: 1. By having an overdrawn director’s loan account. A director’s loan account allows a director to take money out of their business in a way WHY YOU NEED A BUSINESS LANDLINE TELEPHONE NUMBER (AND WHY At Rapid Formations, we provide companies with a business landline telephone number and call answering service from just £19.99 plus VAT per month. Our reception team is expertly trained, and two professionals are assigned to each company to answer all calls in your company name during normal working hours. HOW TO FORM A COMPANY IN NORTHERN IRELAND How to form a company in Northern Ireland. To register a company in Northern Ireland, you must submit an incorporation application to Companies House Belfast. It’s an incredibly quick, simple, and affordable process that you can carry out online. Below, we explain what information you need to provide and how to file your completedapplication
HOW CAN YOUR BUSINESS REDUCE ITS CARBON FOOTPRINT? But the truth is, a lot of small measures you can take in order to reduce your company’s carbon footprint are actually simple and affordable. One of the first places you could start reducing your carbon footprint is by making your company premises more energy efficient. Investing in insulation for your building is one of themost effective
COMPANY FORMATION AND REGISTRATION £12.99 Setting up a limited company is easy. It could not be easier to set up a limited company or LLP with Rapid Formations. To start the company registration process, simply enter your company name into our name check tool, select a package (£12.99) and add any address services you may require, check out and take 5 minutes to complete your details.Your new company will usually be approved in 3 toREGISTER OR LOGIN
Create Account. If you would like to register with Rapid Formations and import a company (or companies) to manage on our Admin Portal, please click 'Create Account.'. Create Account.SHARE CAPITAL
HOW DO I PAY MYSELF FROM A LIMITED COMPANY? Thank you for your kind enquiry. In general terms, the only number you need to know to arrange a salary sacrifice is the amount of salary being sacrificed, and what it is being sacrificed for (e.g. company card, childcare vouchers, pension contributions etc). HOW TO SET UP A HOLDING COMPANY Register a holding company online in 3 to 6 working hours. Setting up a holding company is exactly the same as setting up any other kind of private company limited by shares. You will have to provide the following information on an application form and file it at Companies House: company name. registered office address. HOW TO RESIGN AS A DIRECTOR What a director needs to do to resign. Step 1: Check the terms of your service agreement or employment contract to find out if there is any specific notice period or method of resigning. Step 2: Provide a written letter of resignation to the board of directors. A formal email will usually suffice, but some directors may prefer to send a IS A DIRECTOR AN EMPLOYEE OF A COMPANY? Company directors are officially classed as officeholders. Even if you’re a sole director of a small company and you run the business all by yourself, you are not automatically an employee of the company. The status of ‘employee’ is only afforded to directors CAN I CONVERT A LIMITED BY GUARANTEE COMPANY TO A LIMITED The vast majority of companies in the UK are limited by shares. However, some organisations choose to be limited by guarantee. At some point during the life of a company, as a result of a change in direction or policy, it may become preferable to operate under thealternative setup.
HOW DOES BANKRUPTCY AFFECT A LIMITED COMPANY DIRECTOR? If you are bankrupt, you cannot be a limited company director until the court lifts your financial restrictions and discharges you from your debts. This usually happens 12 months after the date of the bankruptcy order, but it can be longer. As an undischarged bankrupt, you are also prohibited from being involved in a limited company in anumber
CAN UK COMPANY DIRECTORS BE BASED OVERSEAS?SEE MORE ON RAPIDFORMATIONS.CO.UK COMPANY FORMATION AND REGISTRATION £12.99 Setting up a limited company is easy. It could not be easier to set up a limited company or LLP with Rapid Formations. To start the company registration process, simply enter your company name into our name check tool, select a package (£12.99) and add any address services you may require, check out and take 5 minutes to complete your details.Your new company will usually be approved in 3 toREGISTER OR LOGIN
Create Account. If you would like to register with Rapid Formations and import a company (or companies) to manage on our Admin Portal, please click 'Create Account.'. Create Account.SHARE CAPITAL
HOW DO I PAY MYSELF FROM A LIMITED COMPANY? Thank you for your kind enquiry. In general terms, the only number you need to know to arrange a salary sacrifice is the amount of salary being sacrificed, and what it is being sacrificed for (e.g. company card, childcare vouchers, pension contributions etc). HOW TO SET UP A HOLDING COMPANY Register a holding company online in 3 to 6 working hours. Setting up a holding company is exactly the same as setting up any other kind of private company limited by shares. You will have to provide the following information on an application form and file it at Companies House: company name. registered office address. HOW TO RESIGN AS A DIRECTOR What a director needs to do to resign. Step 1: Check the terms of your service agreement or employment contract to find out if there is any specific notice period or method of resigning. Step 2: Provide a written letter of resignation to the board of directors. A formal email will usually suffice, but some directors may prefer to send a IS A DIRECTOR AN EMPLOYEE OF A COMPANY? Company directors are officially classed as officeholders. Even if you’re a sole director of a small company and you run the business all by yourself, you are not automatically an employee of the company. The status of ‘employee’ is only afforded to directors CAN I CONVERT A LIMITED BY GUARANTEE COMPANY TO A LIMITED The vast majority of companies in the UK are limited by shares. However, some organisations choose to be limited by guarantee. At some point during the life of a company, as a result of a change in direction or policy, it may become preferable to operate under thealternative setup.
HOW DOES BANKRUPTCY AFFECT A LIMITED COMPANY DIRECTOR? If you are bankrupt, you cannot be a limited company director until the court lifts your financial restrictions and discharges you from your debts. This usually happens 12 months after the date of the bankruptcy order, but it can be longer. As an undischarged bankrupt, you are also prohibited from being involved in a limited company in anumber
CAN UK COMPANY DIRECTORS BE BASED OVERSEAS?SEE MORE ON RAPIDFORMATIONS.CO.UK SIMPLE GUIDE TO FORMING A COMPANY Forming a company in the UK involves filing an application to incorporate (Form IN01) with Companies House (the Registrar of Companies) in accordance with the Companies Act 2006.. This guide explains the legal requirements and essential steps you need to take, including choosing a company name, adopting articles of association, appointing directors, issuing shares, and successfully HOW TO SET UP A HOLDING COMPANY Register a holding company online in 3 to 6 working hours. Setting up a holding company is exactly the same as setting up any other kind of private company limited by shares. You will have to provide the following information on an application form and file it at Companies House: company name. registered office address.VAT REGISTRATION
Pros of VAT registration. You can charge VAT on the goods and services you sell. This is known as ‘output tax’. You can reclaim VAT you’ve paid on goods and services bought from other businesses. This is known as ‘input tax’. Your business will be eligible for VAT refunds if you sell zero-rated products or services and purchase THE RAPID GUIDE TO STARTING A BAKERY Baking has enjoyed a huge boost in popularity over the past couple of years. Thanks to the runaway success of a rebooted Great British Bake Off – alongside a surge in demand for an enhanced café culture across the UK – people are looking at baking in a whole new way. Some of you may even be thinking about starting a bakery! WHAT IS AN ACTIVE COMPANY? What is an active company? Limited companies are ‘active’ as soon as they are incorporated at Companies House because they are in existence and able to trade. However, the definition of an active company is broader at HMRC. For Corporation Tax purposes, a company is only considered ‘active’ when it starts carrying on some form of WHAT IS A SUBSCRIBER OF A COMPANY? A subscriber is a founding member of a limited company. They are called ‘subscribers’ because they subscribe (add) their names to the memorandum of association during the company formation process. By doing so, they are agreeing to form the company, become members, and have their names entered in the company’s register of members. ARE COMPANY DIRECTORS LIABLE FOR ITS DEBTS? There are certain situations where company directors (irrespective of whether or not they are also shareholders) can be held liable for business debts. Here are some examples of how this might happen: 1. By having an overdrawn director’s loan account. A director’s loan account allows a director to take money out of their business in a way WHY YOU NEED A BUSINESS LANDLINE TELEPHONE NUMBER (AND WHY At Rapid Formations, we provide companies with a business landline telephone number and call answering service from just £19.99 plus VAT per month. Our reception team is expertly trained, and two professionals are assigned to each company to answer all calls in your company name during normal working hours. CAN I MOVE MY COMPANY FROM SCOTLAND TO ENGLAND? Further considerations if you move your company from Scotland to England. Depending on the type of business you have and your long-term plans, you may have to consider whether the operational activities of your company will also move to England and whether your suppliers will change as a result. If this is a possibility, you should refer to HOW CAN YOUR BUSINESS REDUCE ITS CARBON FOOTPRINT? But the truth is, a lot of small measures you can take in order to reduce your company’s carbon footprint are actually simple and affordable. One of the first places you could start reducing your carbon footprint is by making your company premises more energy efficient. Investing in insulation for your building is one of themost effective
COMPANY FORMATION AND REGISTRATION £12.99 Setting up a limited company is easy. It could not be easier to set up a limited company or LLP with Rapid Formations. To start the company registration process, simply enter your company name into our name check tool, select a package (£12.99) and add any address services you may require, check out and take 5 minutes to complete your details.Your new company will usually be approved in 3 toREGISTER OR LOGIN
Create Account. If you would like to register with Rapid Formations and import a company (or companies) to manage on our Admin Portal, please click 'Create Account.'. Create Account.SHARE CAPITAL
HOW DO I PAY MYSELF FROM A LIMITED COMPANY? Thank you for your kind enquiry. In general terms, the only number you need to know to arrange a salary sacrifice is the amount of salary being sacrificed, and what it is being sacrificed for (e.g. company card, childcare vouchers, pension contributions etc). HOW TO SET UP A HOLDING COMPANY Register a holding company online in 3 to 6 working hours. Setting up a holding company is exactly the same as setting up any other kind of private company limited by shares. You will have to provide the following information on an application form and file it at Companies House: company name. registered office address. HOW TO RESIGN AS A DIRECTOR What a director needs to do to resign. Step 1: Check the terms of your service agreement or employment contract to find out if there is any specific notice period or method of resigning. Step 2: Provide a written letter of resignation to the board of directors. A formal email will usually suffice, but some directors may prefer to send a IS A DIRECTOR AN EMPLOYEE OF A COMPANY? Company directors are officially classed as officeholders. Even if you’re a sole director of a small company and you run the business all by yourself, you are not automatically an employee of the company. The status of ‘employee’ is only afforded to directors CAN I CONVERT A LIMITED BY GUARANTEE COMPANY TO A LIMITED The vast majority of companies in the UK are limited by shares. However, some organisations choose to be limited by guarantee. At some point during the life of a company, as a result of a change in direction or policy, it may become preferable to operate under thealternative setup.
HOW DOES BANKRUPTCY AFFECT A LIMITED COMPANY DIRECTOR? If you are bankrupt, you cannot be a limited company director until the court lifts your financial restrictions and discharges you from your debts. This usually happens 12 months after the date of the bankruptcy order, but it can be longer. As an undischarged bankrupt, you are also prohibited from being involved in a limited company in anumber
CAN UK COMPANY DIRECTORS BE BASED OVERSEAS?SEE MORE ON RAPIDFORMATIONS.CO.UK COMPANY FORMATION AND REGISTRATION £12.99 Setting up a limited company is easy. It could not be easier to set up a limited company or LLP with Rapid Formations. To start the company registration process, simply enter your company name into our name check tool, select a package (£12.99) and add any address services you may require, check out and take 5 minutes to complete your details.Your new company will usually be approved in 3 toREGISTER OR LOGIN
Create Account. If you would like to register with Rapid Formations and import a company (or companies) to manage on our Admin Portal, please click 'Create Account.'. Create Account.SHARE CAPITAL
HOW DO I PAY MYSELF FROM A LIMITED COMPANY? Thank you for your kind enquiry. In general terms, the only number you need to know to arrange a salary sacrifice is the amount of salary being sacrificed, and what it is being sacrificed for (e.g. company card, childcare vouchers, pension contributions etc). HOW TO SET UP A HOLDING COMPANY Register a holding company online in 3 to 6 working hours. Setting up a holding company is exactly the same as setting up any other kind of private company limited by shares. You will have to provide the following information on an application form and file it at Companies House: company name. registered office address. HOW TO RESIGN AS A DIRECTOR What a director needs to do to resign. Step 1: Check the terms of your service agreement or employment contract to find out if there is any specific notice period or method of resigning. Step 2: Provide a written letter of resignation to the board of directors. A formal email will usually suffice, but some directors may prefer to send a IS A DIRECTOR AN EMPLOYEE OF A COMPANY? Company directors are officially classed as officeholders. Even if you’re a sole director of a small company and you run the business all by yourself, you are not automatically an employee of the company. The status of ‘employee’ is only afforded to directors CAN I CONVERT A LIMITED BY GUARANTEE COMPANY TO A LIMITED The vast majority of companies in the UK are limited by shares. However, some organisations choose to be limited by guarantee. At some point during the life of a company, as a result of a change in direction or policy, it may become preferable to operate under thealternative setup.
HOW DOES BANKRUPTCY AFFECT A LIMITED COMPANY DIRECTOR? If you are bankrupt, you cannot be a limited company director until the court lifts your financial restrictions and discharges you from your debts. This usually happens 12 months after the date of the bankruptcy order, but it can be longer. As an undischarged bankrupt, you are also prohibited from being involved in a limited company in anumber
CAN UK COMPANY DIRECTORS BE BASED OVERSEAS?SEE MORE ON RAPIDFORMATIONS.CO.UK SIMPLE GUIDE TO FORMING A COMPANY Forming a company in the UK involves filing an application to incorporate (Form IN01) with Companies House (the Registrar of Companies) in accordance with the Companies Act 2006.. This guide explains the legal requirements and essential steps you need to take, including choosing a company name, adopting articles of association, appointing directors, issuing shares, and successfully HOW TO SET UP A HOLDING COMPANY Register a holding company online in 3 to 6 working hours. Setting up a holding company is exactly the same as setting up any other kind of private company limited by shares. You will have to provide the following information on an application form and file it at Companies House: company name. registered office address.VAT REGISTRATION
Pros of VAT registration. You can charge VAT on the goods and services you sell. This is known as ‘output tax’. You can reclaim VAT you’ve paid on goods and services bought from other businesses. This is known as ‘input tax’. Your business will be eligible for VAT refunds if you sell zero-rated products or services and purchase THE RAPID GUIDE TO STARTING A BAKERY Baking has enjoyed a huge boost in popularity over the past couple of years. Thanks to the runaway success of a rebooted Great British Bake Off – alongside a surge in demand for an enhanced café culture across the UK – people are looking at baking in a whole new way. Some of you may even be thinking about starting a bakery! WHAT IS AN ACTIVE COMPANY? What is an active company? Limited companies are ‘active’ as soon as they are incorporated at Companies House because they are in existence and able to trade. However, the definition of an active company is broader at HMRC. For Corporation Tax purposes, a company is only considered ‘active’ when it starts carrying on some form of WHAT IS A SUBSCRIBER OF A COMPANY? A subscriber is a founding member of a limited company. They are called ‘subscribers’ because they subscribe (add) their names to the memorandum of association during the company formation process. By doing so, they are agreeing to form the company, become members, and have their names entered in the company’s register of members. ARE COMPANY DIRECTORS LIABLE FOR ITS DEBTS? There are certain situations where company directors (irrespective of whether or not they are also shareholders) can be held liable for business debts. Here are some examples of how this might happen: 1. By having an overdrawn director’s loan account. A director’s loan account allows a director to take money out of their business in a way WHY YOU NEED A BUSINESS LANDLINE TELEPHONE NUMBER (AND WHY At Rapid Formations, we provide companies with a business landline telephone number and call answering service from just £19.99 plus VAT per month. Our reception team is expertly trained, and two professionals are assigned to each company to answer all calls in your company name during normal working hours. CAN I MOVE MY COMPANY FROM SCOTLAND TO ENGLAND? Further considerations if you move your company from Scotland to England. Depending on the type of business you have and your long-term plans, you may have to consider whether the operational activities of your company will also move to England and whether your suppliers will change as a result. If this is a possibility, you should refer to HOW CAN YOUR BUSINESS REDUCE ITS CARBON FOOTPRINT? But the truth is, a lot of small measures you can take in order to reduce your company’s carbon footprint are actually simple and affordable. One of the first places you could start reducing your carbon footprint is by making your company premises more energy efficient. Investing in insulation for your building is one of themost effective
COMPANY FORMATION AND REGISTRATION £12.99 Setting up a limited company is easy. It could not be easier to set up a limited company or LLP with Rapid Formations. To start the company registration process, simply enter your company name into our name check tool, select a package (£12.99) and add any address services you may require, check out and take 5 minutes to complete your details.Your new company will usually be approved in 3 toREGISTER OR LOGIN
Create Account. If you would like to register with Rapid Formations and import a company (or companies) to manage on our Admin Portal, please click 'Create Account.'. Create Account. THE RAPID GUIDE TO STARTING A BAKERY Licencing and legal fees: £500-1,000. Equipment: £1,000-£5,000. Start-up supplies and ingredients: £2,000-3,000. Commercial rent or mortgage: £500-2,500. Again, that’s only a rough guide. Your start-up costs will vary depending upon where you’re setting up shop and the type of baking business you’re trying to open. HOW TO SET UP A HOLDING COMPANY Register a holding company online in 3 to 6 working hours. Setting up a holding company is exactly the same as setting up any other kind of private company limited by shares. You will have to provide the following information on an application form and file it at Companies House: company name. registered office address. HOW DO I PAY MYSELF FROM A LIMITED COMPANY? Thank you for your kind enquiry. In general terms, the only number you need to know to arrange a salary sacrifice is the amount of salary being sacrificed, and what it is being sacrificed for (e.g. company card, childcare vouchers, pension contributions etc). WHAT IS A SUBSCRIBER OF A COMPANY? A subscriber is a founding member of a limited company. They are called ‘subscribers’ because they subscribe (add) their names to the memorandum of association during the company formation process. By doing so, they are agreeing to form the company, become members, and have their names entered in the company’s register of members. CAN I REMOVE A DIRECTOR FROM A COMPANY? 1. Remove a director under the articles of association. Under the Model articles of association, the board of directors or a majority of the members can serve written notice to remove a director if:. that person ceases to be a director by virtue of any provision of the Companies Act 2006 or is prohibited from acting as a director SHARE TRANSFERS FROM ONE PERSON TO ANOTHER Share transfers from one person to another. Limited company shares can be transferred or sold to other people, just like any other form of property. Share transfers, therefore, are very common and may take place for any number of reasons, including : To legally sell or transfer ownership of shares, a Stock Transfer Form must be completed. HOW TO TAKE MONEY OUT OF A LIMITED COMPANY A limited company is a separate entity in the eyes of the law, just like an individual person. This means that all finances legally belong to the business in the first instance, so you cannot simply take money out of a limited company like it is your own personal bank account. HOW CAN YOUR BUSINESS REDUCE ITS CARBON FOOTPRINT? But the truth is, a lot of small measures you can take in order to reduce your company’s carbon footprint are actually simple and affordable. One of the first places you could start reducing your carbon footprint is by making your company premises more energy efficient. Investing in insulation for your building is one of themost effective
COMPANY FORMATION AND REGISTRATION £12.99 Setting up a limited company is easy. It could not be easier to set up a limited company or LLP with Rapid Formations. To start the company registration process, simply enter your company name into our name check tool, select a package (£12.99) and add any address services you may require, check out and take 5 minutes to complete your details.Your new company will usually be approved in 3 toREGISTER OR LOGIN
Create Account. If you would like to register with Rapid Formations and import a company (or companies) to manage on our Admin Portal, please click 'Create Account.'. Create Account. THE RAPID GUIDE TO STARTING A BAKERY Licencing and legal fees: £500-1,000. Equipment: £1,000-£5,000. Start-up supplies and ingredients: £2,000-3,000. Commercial rent or mortgage: £500-2,500. Again, that’s only a rough guide. Your start-up costs will vary depending upon where you’re setting up shop and the type of baking business you’re trying to open. HOW TO SET UP A HOLDING COMPANY Register a holding company online in 3 to 6 working hours. Setting up a holding company is exactly the same as setting up any other kind of private company limited by shares. You will have to provide the following information on an application form and file it at Companies House: company name. registered office address. HOW DO I PAY MYSELF FROM A LIMITED COMPANY? Thank you for your kind enquiry. In general terms, the only number you need to know to arrange a salary sacrifice is the amount of salary being sacrificed, and what it is being sacrificed for (e.g. company card, childcare vouchers, pension contributions etc). WHAT IS A SUBSCRIBER OF A COMPANY? A subscriber is a founding member of a limited company. They are called ‘subscribers’ because they subscribe (add) their names to the memorandum of association during the company formation process. By doing so, they are agreeing to form the company, become members, and have their names entered in the company’s register of members. CAN I REMOVE A DIRECTOR FROM A COMPANY? 1. Remove a director under the articles of association. Under the Model articles of association, the board of directors or a majority of the members can serve written notice to remove a director if:. that person ceases to be a director by virtue of any provision of the Companies Act 2006 or is prohibited from acting as a director SHARE TRANSFERS FROM ONE PERSON TO ANOTHER Share transfers from one person to another. Limited company shares can be transferred or sold to other people, just like any other form of property. Share transfers, therefore, are very common and may take place for any number of reasons, including : To legally sell or transfer ownership of shares, a Stock Transfer Form must be completed. HOW TO TAKE MONEY OUT OF A LIMITED COMPANY A limited company is a separate entity in the eyes of the law, just like an individual person. This means that all finances legally belong to the business in the first instance, so you cannot simply take money out of a limited company like it is your own personal bank account. HOW CAN YOUR BUSINESS REDUCE ITS CARBON FOOTPRINT? But the truth is, a lot of small measures you can take in order to reduce your company’s carbon footprint are actually simple and affordable. One of the first places you could start reducing your carbon footprint is by making your company premises more energy efficient. Investing in insulation for your building is one of themost effective
SIMPLE GUIDE TO FORMING A COMPANY Forming a company in the UK involves filing an application to incorporate (Form IN01) with Companies House (the Registrar of Companies) in accordance with the Companies Act 2006.. This guide explains the legal requirements and essential steps you need to take, including choosing a company name, adopting articles of association, appointing directors, issuing shares, and successfullySHARE CAPITAL
Share re-denominations. Share re-denomination (also known as re-denomination of share capital) is the conversion of company “shares from having a fixed nominal value in one currency to having a fixed nominal value in another currency” (s. 622 of the Companies Act 2006). Procedure. The main action which needs to be taken to effect a re-denomination of share capital is to hold an ordinary HOW TO RESIGN AS A DIRECTOR What a director needs to do to resign. Step 1: Check the terms of your service agreement or employment contract to find out if there is any specific notice period or method of resigning. Step 2: Provide a written letter of resignation to the board of directors. A formal email will usually suffice, but some directors may prefer to send a HOW TO RESTORE A COMPANY THAT HAS BEEN CLOSED In certain circumstances, however, it is possible to restore a company by applying to Companies House for ‘administrative restoration’. Our Full Company Secretary Service - only £149.99 per year. If administrative restoration is not possible, an alternative course of action is to obtain a Court Order to restore a dissolved company. CAN I REMOVE A DIRECTOR FROM A COMPANY? 1. Remove a director under the articles of association. Under the Model articles of association, the board of directors or a majority of the members can serve written notice to remove a director if:. that person ceases to be a director by virtue of any provision of the Companies Act 2006 or is prohibited from acting as a director DO YOU NEED A BANK ACCOUNT FOR A LIMITED COMPANY? Form a limited company today using our Non-Residents Package including TransferWise business banking - for only £124.99. Another option for non-UK residents is to open a business bank account in their owncountry.
LIMITED COMPANY ADVANTAGES AND DISADVANTAGES A limited company is one of the most popular legal structures for all types and sizes of businesses in the UK. This is due to the many professional and financial benefits it offers, all of which far surpass those available to sole traders or contractors working through an umbrella company. IS A DIRECTOR AN EMPLOYEE OF A COMPANY? Company directors are officially classed as officeholders. Even if you’re a sole director of a small company and you run the business all by yourself, you are not automatically an employee of the company. The status of ‘employee’ is only afforded to directors ARE COMPANY DIRECTORS LIABLE FOR ITS DEBTS? There are certain situations where company directors (irrespective of whether or not they are also shareholders) can be held liable for business debts. Here are some examples of how this might happen: 1. By having an overdrawn director’s loan account. A director’s loan account allows a director to take money out of their business in a way SHOULD I CHOOSE LIMITED OR LTD IN MY COMPANY'S NAME? Using Limited or Ltd at the end of a company name. When you’re setting up a limited company, there are a number of company name rules and restrictions to bear in mind. One of the first decisions you will have to make is whether to choose ‘Limited’ or ‘Ltd’ for the end of your company name. However, your choice will only affect theway
COMPANY FORMATION AND REGISTRATION £12.99 Setting up a limited company is easy. It could not be easier to set up a limited company or LLP with Rapid Formations. To start the company registration process, simply enter your company name into our name check tool, select a package (£12.99) and add any address services you may require, check out and take 5 minutes to complete your details.Your new company will usually be approved in 3 toREGISTER OR LOGIN
Create Account. If you would like to register with Rapid Formations and import a company (or companies) to manage on our Admin Portal, please click 'Create Account.'. Create Account. WHAT IS A SUBSCRIBER OF A COMPANY? A subscriber is a founding member of a limited company. They are called ‘subscribers’ because they subscribe (add) their names to the memorandum of association during the company formation process. By doing so, they are agreeing to form the company, become members, and have their names entered in the company’s register of members. HOW DO I PAY MYSELF FROM A LIMITED COMPANY? Thank you for your kind enquiry. In general terms, the only number you need to know to arrange a salary sacrifice is the amount of salary being sacrificed, and what it is being sacrificed for (e.g. company card, childcare vouchers, pension contributions etc). CAN I REMOVE A DIRECTOR FROM A COMPANY? 1. Remove a director under the articles of association. Under the Model articles of association, the board of directors or a majority of the members can serve written notice to remove a director if:. that person ceases to be a director by virtue of any provision of the Companies Act 2006 or is prohibited from acting as a director HOW CAN YOUR BUSINESS REDUCE ITS CARBON FOOTPRINT? But the truth is, a lot of small measures you can take in order to reduce your company’s carbon footprint are actually simple and affordable. One of the first places you could start reducing your carbon footprint is by making your company premises more energy efficient. Investing in insulation for your building is one of themost effective
THE RAPID GUIDE TO STARTING A BAKERYSTARTING A BAKERY CHECKLISTSTARTING A BAKERY CHECKLISTOPENING A BAKERY CHECKLISTOPENING A BAKERY CHECKLISTEQUIPMENT FOR BAKERY START UPSTART UP BAKERYBUSINESS PLAN
Licencing and legal fees: £500-1,000. Equipment: £1,000-£5,000. Start-up supplies and ingredients: £2,000-3,000. Commercial rent or mortgage: £500-2,500. Again, that’s only a rough guide. Your start-up costs will vary depending upon where you’re setting up shop and the type of baking business you’re trying to open. HOW TO SET UP A HOLDING COMPANY Register a holding company online in 3 to 6 working hours. Setting up a holding company is exactly the same as setting up any other kind of private company limited by shares. You will have to provide the following information on an application form and file it at Companies House: company name. registered office address. SHARE TRANSFERS FROM ONE PERSON TO ANOTHER Share transfers from one person to another. Limited company shares can be transferred or sold to other people, just like any other form of property. Share transfers, therefore, are very common and may take place for any number of reasons, including : To legally sell or transfer ownership of shares, a Stock Transfer Form must be completed. HOW TO TAKE MONEY OUT OF A LIMITED COMPANY A limited company is a separate entity in the eyes of the law, just like an individual person. This means that all finances legally belong to the business in the first instance, so you cannot simply take money out of a limited company like it is your own personal bank account. COMPANY FORMATION AND REGISTRATION £12.99 Setting up a limited company is easy. It could not be easier to set up a limited company or LLP with Rapid Formations. To start the company registration process, simply enter your company name into our name check tool, select a package (£12.99) and add any address services you may require, check out and take 5 minutes to complete your details.Your new company will usually be approved in 3 toREGISTER OR LOGIN
Create Account. If you would like to register with Rapid Formations and import a company (or companies) to manage on our Admin Portal, please click 'Create Account.'. Create Account. THE RAPID GUIDE TO STARTING A BAKERYSTARTING A BAKERY CHECKLISTSTARTING A BAKERY CHECKLISTOPENING A BAKERY CHECKLISTOPENING A BAKERY CHECKLISTEQUIPMENT FOR BAKERY START UPSTART UP BAKERYBUSINESS PLAN
Licencing and legal fees: £500-1,000. Equipment: £1,000-£5,000. Start-up supplies and ingredients: £2,000-3,000. Commercial rent or mortgage: £500-2,500. Again, that’s only a rough guide. Your start-up costs will vary depending upon where you’re setting up shop and the type of baking business you’re trying to open. HOW TO SET UP A HOLDING COMPANY Register a holding company online in 3 to 6 working hours. Setting up a holding company is exactly the same as setting up any other kind of private company limited by shares. You will have to provide the following information on an application form and file it at Companies House: company name. registered office address. HOW DO I PAY MYSELF FROM A LIMITED COMPANY? Thank you for your kind enquiry. In general terms, the only number you need to know to arrange a salary sacrifice is the amount of salary being sacrificed, and what it is being sacrificed for (e.g. company card, childcare vouchers, pension contributions etc). WHAT IS A SUBSCRIBER OF A COMPANY? A subscriber is a founding member of a limited company. They are called ‘subscribers’ because they subscribe (add) their names to the memorandum of association during the company formation process. By doing so, they are agreeing to form the company, become members, and have their names entered in the company’s register of members. CAN I REMOVE A DIRECTOR FROM A COMPANY? 1. Remove a director under the articles of association. Under the Model articles of association, the board of directors or a majority of the members can serve written notice to remove a director if:. that person ceases to be a director by virtue of any provision of the Companies Act 2006 or is prohibited from acting as a director SHARE TRANSFERS FROM ONE PERSON TO ANOTHER Share transfers from one person to another. Limited company shares can be transferred or sold to other people, just like any other form of property. Share transfers, therefore, are very common and may take place for any number of reasons, including : To legally sell or transfer ownership of shares, a Stock Transfer Form must be completed. HOW TO TAKE MONEY OUT OF A LIMITED COMPANY A limited company is a separate entity in the eyes of the law, just like an individual person. This means that all finances legally belong to the business in the first instance, so you cannot simply take money out of a limited company like it is your own personal bank account. HOW CAN YOUR BUSINESS REDUCE ITS CARBON FOOTPRINT? But the truth is, a lot of small measures you can take in order to reduce your company’s carbon footprint are actually simple and affordable. One of the first places you could start reducing your carbon footprint is by making your company premises more energy efficient. Investing in insulation for your building is one of themost effective
SIMPLE GUIDE TO FORMING A COMPANY Forming a company in the UK involves filing an application to incorporate (Form IN01) with Companies House (the Registrar of Companies) in accordance with the Companies Act 2006.. This guide explains the legal requirements and essential steps you need to take, including choosing a company name, adopting articles of association, appointing directors, issuing shares, and successfullySHARE CAPITAL
Share re-denominations. Share re-denomination (also known as re-denomination of share capital) is the conversion of company “shares from having a fixed nominal value in one currency to having a fixed nominal value in another currency” (s. 622 of the Companies Act 2006). Procedure. The main action which needs to be taken to effect a re-denomination of share capital is to hold an ordinary HOW TO RESIGN AS A DIRECTOR What a director needs to do to resign. Step 1: Check the terms of your service agreement or employment contract to find out if there is any specific notice period or method of resigning. Step 2: Provide a written letter of resignation to the board of directors. A formal email will usually suffice, but some directors may prefer to send a HOW TO RESTORE A COMPANY THAT HAS BEEN CLOSED In certain circumstances, however, it is possible to restore a company by applying to Companies House for ‘administrative restoration’. Our Full Company Secretary Service - only £149.99 per year. If administrative restoration is not possible, an alternative course of action is to obtain a Court Order to restore a dissolved company. CAN I REMOVE A DIRECTOR FROM A COMPANY? 1. Remove a director under the articles of association. Under the Model articles of association, the board of directors or a majority of the members can serve written notice to remove a director if:. that person ceases to be a director by virtue of any provision of the Companies Act 2006 or is prohibited from acting as a director DO YOU NEED A BANK ACCOUNT FOR A LIMITED COMPANY? Form a limited company today using our Non-Residents Package including TransferWise business banking - for only £124.99. Another option for non-UK residents is to open a business bank account in their owncountry.
LIMITED COMPANY ADVANTAGES AND DISADVANTAGES A limited company is one of the most popular legal structures for all types and sizes of businesses in the UK. This is due to the many professional and financial benefits it offers, all of which far surpass those available to sole traders or contractors working through an umbrella company. IS A DIRECTOR AN EMPLOYEE OF A COMPANY? Company directors are officially classed as officeholders. Even if you’re a sole director of a small company and you run the business all by yourself, you are not automatically an employee of the company. The status of ‘employee’ is only afforded to directors ARE COMPANY DIRECTORS LIABLE FOR ITS DEBTS? There are certain situations where company directors (irrespective of whether or not they are also shareholders) can be held liable for business debts. Here are some examples of how this might happen: 1. By having an overdrawn director’s loan account. A director’s loan account allows a director to take money out of their business in a way SHOULD I CHOOSE LIMITED OR LTD IN MY COMPANY'S NAME? Using Limited or Ltd at the end of a company name. When you’re setting up a limited company, there are a number of company name rules and restrictions to bear in mind. One of the first decisions you will have to make is whether to choose ‘Limited’ or ‘Ltd’ for the end of your company name. However, your choice will only affect theway
COMPANY FORMATION AND REGISTRATION £12.99 Setting up a limited company is easy. It could not be easier to set up a limited company or LLP with Rapid Formations. To start the company registration process, simply enter your company name into our name check tool, select a package (£12.99) and add any address services you may require, check out and take 5 minutes to complete your details.Your new company will usually be approved in 3 toREGISTER OR LOGIN
Create Account. If you would like to register with Rapid Formations and import a company (or companies) to manage on our Admin Portal, please click 'Create Account.'. Create Account. THE RAPID GUIDE TO STARTING A BAKERYSTARTING A BAKERY CHECKLISTSTARTING A BAKERY CHECKLISTOPENING A BAKERY CHECKLISTOPENING A BAKERY CHECKLISTEQUIPMENT FOR BAKERY START UPSTART UP BAKERYBUSINESS PLAN
Licencing and legal fees: £500-1,000. Equipment: £1,000-£5,000. Start-up supplies and ingredients: £2,000-3,000. Commercial rent or mortgage: £500-2,500. Again, that’s only a rough guide. Your start-up costs will vary depending upon where you’re setting up shop and the type of baking business you’re trying to open. HOW TO SET UP A HOLDING COMPANY Register a holding company online in 3 to 6 working hours. Setting up a holding company is exactly the same as setting up any other kind of private company limited by shares. You will have to provide the following information on an application form and file it at Companies House: company name. registered office address. HOW DO I PAY MYSELF FROM A LIMITED COMPANY? Thank you for your kind enquiry. In general terms, the only number you need to know to arrange a salary sacrifice is the amount of salary being sacrificed, and what it is being sacrificed for (e.g. company card, childcare vouchers, pension contributions etc). WHAT IS A SUBSCRIBER OF A COMPANY? A subscriber is a founding member of a limited company. They are called ‘subscribers’ because they subscribe (add) their names to the memorandum of association during the company formation process. By doing so, they are agreeing to form the company, become members, and have their names entered in the company’s register of members. CAN I REMOVE A DIRECTOR FROM A COMPANY? 1. Remove a director under the articles of association. Under the Model articles of association, the board of directors or a majority of the members can serve written notice to remove a director if:. that person ceases to be a director by virtue of any provision of the Companies Act 2006 or is prohibited from acting as a director SHARE TRANSFERS FROM ONE PERSON TO ANOTHER Share transfers from one person to another. Limited company shares can be transferred or sold to other people, just like any other form of property. Share transfers, therefore, are very common and may take place for any number of reasons, including : To legally sell or transfer ownership of shares, a Stock Transfer Form must be completed. HOW TO TAKE MONEY OUT OF A LIMITED COMPANY A limited company is a separate entity in the eyes of the law, just like an individual person. This means that all finances legally belong to the business in the first instance, so you cannot simply take money out of a limited company like it is your own personal bank account. HOW CAN YOUR BUSINESS REDUCE ITS CARBON FOOTPRINT? But the truth is, a lot of small measures you can take in order to reduce your company’s carbon footprint are actually simple and affordable. One of the first places you could start reducing your carbon footprint is by making your company premises more energy efficient. Investing in insulation for your building is one of themost effective
COMPANY FORMATION AND REGISTRATION £12.99 Setting up a limited company is easy. It could not be easier to set up a limited company or LLP with Rapid Formations. To start the company registration process, simply enter your company name into our name check tool, select a package (£12.99) and add any address services you may require, check out and take 5 minutes to complete your details.Your new company will usually be approved in 3 toREGISTER OR LOGIN
Create Account. If you would like to register with Rapid Formations and import a company (or companies) to manage on our Admin Portal, please click 'Create Account.'. Create Account. WHAT IS A SUBSCRIBER OF A COMPANY? A subscriber is a founding member of a limited company. They are called ‘subscribers’ because they subscribe (add) their names to the memorandum of association during the company formation process. By doing so, they are agreeing to form the company, become members, and have their names entered in the company’s register of members. HOW DO I PAY MYSELF FROM A LIMITED COMPANY? Thank you for your kind enquiry. In general terms, the only number you need to know to arrange a salary sacrifice is the amount of salary being sacrificed, and what it is being sacrificed for (e.g. company card, childcare vouchers, pension contributions etc). CAN I REMOVE A DIRECTOR FROM A COMPANY? 1. Remove a director under the articles of association. Under the Model articles of association, the board of directors or a majority of the members can serve written notice to remove a director if:. that person ceases to be a director by virtue of any provision of the Companies Act 2006 or is prohibited from acting as a director HOW CAN YOUR BUSINESS REDUCE ITS CARBON FOOTPRINT? But the truth is, a lot of small measures you can take in order to reduce your company’s carbon footprint are actually simple and affordable. One of the first places you could start reducing your carbon footprint is by making your company premises more energy efficient. Investing in insulation for your building is one of themost effective
THE RAPID GUIDE TO STARTING A BAKERYSTARTING A BAKERY CHECKLISTSTARTING A BAKERY CHECKLISTOPENING A BAKERY CHECKLISTOPENING A BAKERY CHECKLISTEQUIPMENT FOR BAKERY START UPSTART UP BAKERYBUSINESS PLAN
Licencing and legal fees: £500-1,000. Equipment: £1,000-£5,000. Start-up supplies and ingredients: £2,000-3,000. Commercial rent or mortgage: £500-2,500. Again, that’s only a rough guide. Your start-up costs will vary depending upon where you’re setting up shop and the type of baking business you’re trying to open. HOW TO SET UP A HOLDING COMPANY Register a holding company online in 3 to 6 working hours. Setting up a holding company is exactly the same as setting up any other kind of private company limited by shares. You will have to provide the following information on an application form and file it at Companies House: company name. registered office address. SHARE TRANSFERS FROM ONE PERSON TO ANOTHER Share transfers from one person to another. Limited company shares can be transferred or sold to other people, just like any other form of property. Share transfers, therefore, are very common and may take place for any number of reasons, including : To legally sell or transfer ownership of shares, a Stock Transfer Form must be completed. HOW TO TAKE MONEY OUT OF A LIMITED COMPANY A limited company is a separate entity in the eyes of the law, just like an individual person. This means that all finances legally belong to the business in the first instance, so you cannot simply take money out of a limited company like it is your own personal bank account. SIMPLE GUIDE TO FORMING A COMPANY Forming a company in the UK involves filing an application to incorporate (Form IN01) with Companies House (the Registrar of Companies) in accordance with the Companies Act 2006.. This guide explains the legal requirements and essential steps you need to take, including choosing a company name, adopting articles of association, appointing directors, issuing shares, and successfullySHARE CAPITAL
Share re-denominations. Share re-denomination (also known as re-denomination of share capital) is the conversion of company “shares from having a fixed nominal value in one currency to having a fixed nominal value in another currency” (s. 622 of the Companies Act 2006). Procedure. The main action which needs to be taken to effect a re-denomination of share capital is to hold an ordinary HOW TO RESIGN AS A DIRECTOR What a director needs to do to resign. Step 1: Check the terms of your service agreement or employment contract to find out if there is any specific notice period or method of resigning. Step 2: Provide a written letter of resignation to the board of directors. A formal email will usually suffice, but some directors may prefer to send a HOW TO RESTORE A COMPANY THAT HAS BEEN CLOSED In certain circumstances, however, it is possible to restore a company by applying to Companies House for ‘administrative restoration’. Our Full Company Secretary Service - only £149.99 per year. If administrative restoration is not possible, an alternative course of action is to obtain a Court Order to restore a dissolved company. CAN I REMOVE A DIRECTOR FROM A COMPANY? 1. Remove a director under the articles of association. Under the Model articles of association, the board of directors or a majority of the members can serve written notice to remove a director if:. that person ceases to be a director by virtue of any provision of the Companies Act 2006 or is prohibited from acting as a director DO YOU NEED A BANK ACCOUNT FOR A LIMITED COMPANY? Form a limited company today using our Non-Residents Package including TransferWise business banking - for only £124.99. Another option for non-UK residents is to open a business bank account in their owncountry.
LIMITED COMPANY ADVANTAGES AND DISADVANTAGES A limited company is one of the most popular legal structures for all types and sizes of businesses in the UK. This is due to the many professional and financial benefits it offers, all of which far surpass those available to sole traders or contractors working through an umbrella company. IS A DIRECTOR AN EMPLOYEE OF A COMPANY? Company directors are officially classed as officeholders. Even if you’re a sole director of a small company and you run the business all by yourself, you are not automatically an employee of the company. The status of ‘employee’ is only afforded to directors ARE COMPANY DIRECTORS LIABLE FOR ITS DEBTS? There are certain situations where company directors (irrespective of whether or not they are also shareholders) can be held liable for business debts. Here are some examples of how this might happen: 1. By having an overdrawn director’s loan account. A director’s loan account allows a director to take money out of their business in a way SHOULD I CHOOSE LIMITED OR LTD IN MY COMPANY'S NAME? Using Limited or Ltd at the end of a company name. When you’re setting up a limited company, there are a number of company name rules and restrictions to bear in mind. One of the first decisions you will have to make is whether to choose ‘Limited’ or ‘Ltd’ for the end of your company name. However, your choice will only affect theway
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* Transfer of Shares * Business Telephone Services * Full Company Secretary Service * Certificate of Good Standing * Company Name Change * Director Appointment & Resignation * Apostilled Documents* Renewals
* VAT Registration
* Barclays Business Banking * Cashplus Business Banking * Anna Business Banking * Countingup Business Banking* Review Centre
* Blog
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toggle drop-down list * Online Client Potal * 4 Steps to Forming a Company * Required Information for Company Setup* FAQs
* A-Z Glossary of Terms * Entrepreneur Scholarship Programme* Contact
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COMPANY FORMATION
YOU CAN TRUST FROM £12.99 THE UK’S TOP-RATED COMPANY FORMATION AGENT. OVER 10,000 EXCELLENT REVIEWS ON GOOGLE, TRUSTPILOT AND FACEBOOK.Search
Scarlett Brough-MylodCompany Formation Executive*
TOP RATED IN THE UK
Over 750,000 companies formed with thousands of excellent reviews*
NON-RESIDENTS PACKAGES Ideal for overseas clients who want to form a UK limited company*
FREE BUSINESS BANKING Up to 8 banks to choose from: Barclays, CardOne, TSB, Mettle, Cashplus*
ONLINE CUSTOMER PORTAL Our online admin portal helps you maintain and develop your company FIND THE PERFECT PACKAGE TO SET UP YOUR COMPANY WE PAY THE £12.00 COMPANIES HOUSE INCORPORATION FEE - FOR ALL OURCUSTOMERS
DIGITAL
12.99
* Private Limited Company * Digital Company Documents* Free Domain Name
Get Started
DIGITAL PLUS
19.99
* Private Limited Company * Digital Company Documents * Digital Company Registers * Printed Company Documents * Confirmation Statement* Free Domain Name
Get Started
COMPLIANCE
39.99
* Private Limited Company * Digital Company Documents * Digital Company Registers * Printed Company Documents* VAT Registration
* Confirmation Statement * GDPR Compliance Package* Free Domain Name
Get Started
ALL INCLUSIVE
89.99£179.9950% OFF * Private Limited Company * Digital Company Documents * Digital Company Registers * Printed Company Documents * VAT & PAYE Registration * Confirmation Statement * GDPR Compliance Package * 12 Month Cancellation Protection * Full Company Secretary Service* Free Domain Name
Get Started
Special Offer
Compare Packages
WE HAVE OVER 10,000
EXCELLENT CUSTOMER REVIEWS THANK YOU FOR MAKING US THE MOST TRUSTED COMPANY FORMATION AGENT INTHE UK
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Rated 4.9 out of 5.0843 reviews
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Rated 5.0 out of 5.0112 reviews
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Rated 4.9 out of 5.09601 reviews
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Rated 5.0 out of 5.0127 reviews
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Rated 4.9 out of 5.0104 reviews
Our Customer Reviews THE SCIENCE OF SIMPLICITY OUR EASY 4 STEP PROCESS - PERFECT FOR CUSTOMERS NEW TO COMPANYFORMATION
1
CHOOSE A
COMPANY NAME
2
SELECT YOUR
PACKAGE
3
CHECKOUT
AND PAY
4
COMPLETE
YOUR ORDER
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1
CHOOSE A
COMPANY NAME
*
2
SELECT YOUR
PACKAGE
*
3
CHECKOUT
AND PAY
*
4
COMPLETE
YOUR ORDER
Get Started
WHY YOU SHOULD CHOOSE RAPID FORMATIONS*
WE ARE HIGHLY RATED EVERYWHERE We are the highest rated UK company formation agent with over 10,000 excellent reviews on Google , Facebook, Yell ,
Trustpilot , and Freeindex.
We measure our success on our customers' satisfaction, but this success doesn’t come easy. Our team works incredibly hard, listening to our customers and developing our processes to ensure we continuously improve the way wedo things.
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NOT TOO SMALL, NOT TOO LARGE We are a team of 65 members. Small enough to care, large enough to handle the demands of our customers. Our Customer Service Team are highly trained company formation experts – ensuring expert advice is only a phone call away. And our Account Managers and Company Secretarial Team provide support and technical advice to our customers over the course of theircompany’s life.
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GREAT VALUE FOR MONEY Clear, transparent and competitive pricing, with no hidden costs. We know that every penny counts when setting up your new business – that’s why we’ve created an affordable range of products and services to ensure we’ve got you covered. Also, if you purchase a renewable service, we’ll always remind you that a payment is scheduled to be taken before your renewal is due.That’s a promise!
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OUR PROCESS IS SUPER EASY Many of our customers are forming a company for the first time, so we have made the process as simple as possible. Simply choose a company name, select a package, checkout and pay, and complete a short form with your company details. The whole order process should take you no more than 10 to 15 minutes. If you are not confident in forming your company on your own, call 020 7871 9990, and we will complete your order over the telephone. THE EASY WAY TO OPEN A BUSINESS BANK ACCOUNT SIMPLY SELECT A FREE BANK ACCOUNT FROM ONE OF OUR PARTNERS DURING THEORDER PROCESS.
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BARCLAYS
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METTLE
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TSB
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CASHPLUS
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COUNTINGUP
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REVOLUT
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CARDONE
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ANNA
Get Started
USE OUR IMPRESSIVE ADDRESS AS YOUR COMPANY'S REGISTERED OFFICE LONDON REGISTERED OFFICE39.00 per year
A Covent Garden registered office address for your company, with all government mail scanned and emailed to you, free of charge.Learn More
SCOTTISH REGISTERED OFFICE39.00 per year
A Glasgow city centre registered office for your Scottish LTD, with free forwarding of all government mail by email.Learn More
CHOOSE A COMPANY STRUCTURE THAT SUITS YOUR NEEDS*
PRIVATE LIMITED COMPANY This is by far the most popular type of company registered in the UK and is commonly known as a limited company. It is set up for the purpose of making a profit, and has the added benefit of limited liability protection of personal assets.LTD Packages
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LLP
Limited liability partnerships (LLPs) are increasing in popularity and are ideal for professionals and consultants who wish to retain the flexibility of a traditional partnership, but require the benefits of a limited liability company.LLP Package
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GUARANTEE COMPANY
A limited by guarantee company is very much like a standard limited company; however, instead of shareholders, it has guarantors. This type of company is normally registered by non-profit organisations such as clubs and charities.Guarantee Package
ARE YOU READY TO
REGISTER YOUR COMPANY TODAY? ORDER ONLINE OR IF YOU WOULD LIKE TO SET UP YOUR COMPANY BY TELEPHONE, PLEASE CALL 020 7871 9990.Get Started
NEW TO COMPANY FORMATION? WE'VE GOT IT COVERED. SETTING UP A LIMITED COMPANY IS EASY. It could not be easier to set up a limited company or LLP with Rapid Formations. To start the company registration process, simply enter your company name into our name check tool, select a package (£12.99) and add any address services you may require, check out and take 5 minutes to complete your details. Your new company will usually be approved in 3 to 6 working hours; however, this timescale is subject to Companies House workload and it may take longer. WHAT DETAILS DO I NEED TO SET UP A COMPANY? To form a limited company you simply need a company name, the business activity of the company, a registered office address in the UK, and the details of the company directors, shareholders and People with Significant Control (PSC). The beneficial owners of the company, those owning more than 25% of the issued shares, may also be required to provide proof of ID and address. For more information, please have a look at our Required Information Checklist.
DO I NEED A BUSINESS BANK ACCOUNT? It is not a legal requirement for a UK registered company to have a business bank account; however, in practice you will find it extremely hard to operate a business without its own bank account. Rapid Formations offers up to 8 business bank accounts with all company registration packages, including Barclays , Mettle, TSB, CardOne, Countingup, Cashplus
, and Revolut. We also offer a business banking solution for overseas customers who wish to set up a UK company - see our Non-Residents Packagesor details.
WHAT IF I CHANGE MY MIND AND DON’T NEED THE COMPANY? Approximately half a million companies registered in the UK are dissolved (shut down) every year at Companies House, so if you decide you no longer need your company and want to shut it down, there is no need to worry – it happens fairly often! Rapid Formations can dissolve your company hassle free, at a cost of only £49.99 plus VAT. Find out more and order our Company Dissolution Service. AUTHORISED BY COMPANIES HOUSE AND MEMBERS OF ACRA. We are one of the UK’s leading company formation agents, authorisedby Companies House
and a member of ACRA , the Association of Company Registration Agents. We provide our clients with online incorporation and the following address services: registered office, service address and business mail forwarding address. We are able to deliver documents to Companies House electronically, allowing you to form a limited company online, without the need for paper forms tosign and post.
FORMATION PACKAGES
toggle drop-down list* Digital Package
* Digital Plus Package * Compliance Package * All Inclusive Package * Contractors Package * Non-Residents Packages * Limited Liability Partnership Package * Limited by Guarantee PackageADDRESS SERVICES
toggle drop-down list * London Registered Office * Scottish Registered Office* Service Address
* Business Address
ADDITIONAL SERVICES
toggle drop-down list * Business Telephone Services * Dormant Company Accounts * Apostilled Documents * Certificate of Good Standing * Company Dissolution * Company Name Change * Director Appointment & Resignation* Issue of Shares
* Transfer of SharesSUPPORT
toggle drop-down list* Contact Us
* Online Client Portal* ID Requirements
* Blog
* FAQs
* A-Z Glossary of Terms * Scholarship Programme* Sitemap
LEGAL
toggle drop-down list * Terms & Conditions * Refund & Cancellation Policy* Complaints
* GDPR Privacy Policy* Cookies Policy
Rapid Formations, registered in England & Wales at 71-75, Shelton Street, Covent Garden, London, WC2H 9JQCompany Nr: 08683949. VAT Registration Nr: 173 1812 20 Copyright 2021 © Rapid Formations ®Tel: 020 7871 9990
E-mail: info@rapidformations.co.uk This website uses cookies to ensure you get the best experience on our website. Learn moreI understand
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