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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. 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. 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). 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. 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.
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 UK COMPANY DIRECTORS BE BASED OVERSEAS?SEE MORE ON RAPIDFORMATIONS.CO.UK 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. 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
STOCK COMPANY NO. TRANSFER FORM In these situations send the form to the company or its registrar. (2) In all other cases - including where relief from Stamp Duty is claimed - send the transfer form to HMRC to 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. 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). 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. 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.
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 UK COMPANY DIRECTORS BE BASED OVERSEAS?SEE MORE ON RAPIDFORMATIONS.CO.UK 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. 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
STOCK COMPANY NO. TRANSFER FORM In these situations send the form to the company or its registrar. (2) In all other cases - including where relief from Stamp Duty is claimed - send the transfer form to HMRC toSHARE 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 ordinaryTAX ON SHARES
The current rates of dividend payment and tax brackets are as follows: 12,571 to £50,270 (Basic rate) – 7.5%. £50,271 to £150,000 (Higher rate) – 32.5%. Over £150,000 (Additional rate) – 38.1%. It is worth noting that these rates of Dividend Tax are lower than the equivalent levels of Income Tax. BUSINESS BANK ACCOUNTS FOR NON-UK RESIDENTS One of the most popular topics we deal with on a daily basis at Rapid Formations is business bank accounts for non-UK residents. Whilst it’s incredibly easy to register a UK limited company from anywhere in the world, it is more difficult to set up a business bank account if you do not live and work in the United Kingdom. However, there are a number of available options once your company hasVAT 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 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
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 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. DO YOU NEED A BANK ACCOUNT FOR A LIMITED COMPANY? Hi Jason, Thank you for your message. There is no requirement to open a business bank account for a limited company however opening a business bank account is usually a sensible step as it keeps your business and personal expenses separate. HOW DO I CHANGE A SIC CODE? Limited companies must provide between one and four SIC codes to Companies House to specify what kinds of business activities they carry out. You can change a SIC code with relative ease whenever the need arises, whether that’s because you’ve provided the wrong code(s) or your company’s activities have changed or diversified since incorporation. EXEMPTION FROM USING THE WORD ‘LIMITED’ OR 'LTD' IN A Exemption from using the word ‘Limited’ or ‘Ltd’ in a company name. Almost all private limited companies in the UK are required to include the word ‘Limited’ (or ‘Ltd’) at the end of their name when they are incorporated at Companies House. Welsh companies (i.e. those with a registered office situated in Wales) can use 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 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. 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
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COMPANY FORMATION YOU CAN TRUST FROM £9.99 THE UK’S TOP-RATED COMPANY FORMATION AGENT. OVER 6,000 EXCELLENT REVIEWS ON GOOGLE, TRUSTPILOT AND FACEBOOK. Save & Continue SearchOr search again
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NOT TOO SMALL, NOT TOO LARGE... We are a team of 45 members. Small enough to care, large enough to handle the demands of our customers. 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. GREAT VALUE FOR MONEY... Clear, transparent and competitive pricing, with no hidden costs. WE ARE HIGHLY RATED EVERYWHERE... Our customers have voted us the top-rated company formation agentsin the UK on Google
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NOT TOO SMALL, NOT TOO LARGE... We are a team of 45 members. Small enough to care, large enough to handle the demands of our customers. 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. GREAT VALUE FOR MONEY... Clear, transparent and competitive pricing, with no hidden costs. WE ARE HIGHLY RATED EVERYWHERE... Our customers have voted us the top-rated company formation agentsin the UK on Google
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NOT TOO SMALL, NOT TOO LARGE... We are a team of 45 members. Small enough to care, large enough to handle the demands of our customers.* 1
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Trust our Experience 51,520 Companies formed in the last 12 months 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. 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. CHOOSE A COMPANY STRUCTURE THAT SUITS YOUR NEEDS PRIVATE LIMITED COMPANY This is by far the most popular type of company structure in the UK and is commonly known as a limited company. It is used by people who go into business for the purpose of making a profit, and has the added benefit of limited liability protection of personal assets.Learn More
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.Learn More
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 corporate entity is normally used by non-profit organisations such as clubs, associations and charities.Learn More
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LAST MINUTE QUESTIONS... 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 process, simply enter your company name into our name check tool, select a package (from £9.99 plus VAT) and add any address services you may require, check out and take 5 minutes to complete your details. Your new company will be approved, usually in 3 to 6 working hours: however, this timescale is subject to Companies House workload and it may take longer. IF TIME IS OF THE ESSENCE… If it is of great importance that your company is incorporated as soon as possible or on the same day, we always recommend you add the Guaranteed Same Day Service to your order. Immediately after your company is approved by Companies House, your company documents will be sent to you by email. However, we must receive your submission no later than 3.00pm (Monday to Friday) for it to qualify for the sameday service.
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.
WHAT IF I CHANGE MY MIND AND DON’T NEED THE COMPANY? Approximately half a million companies 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! Dissolving a company can be done by sending a DS01 Strike Off Form and a £10 cheque to Companies House by post. Or you can ask Rapid Formations to do it, using our Company DissolutionService .
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.
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Rapid Formations Limited, registered in England & Wales at 71-75, Shelton Street,Covent Garden,
London, WC2H 9JQ
Company Nr: 08683949. VAT Registration Nr: 173 1812 20ACRA
Rapid Formation is a member of ACRA, the Association of Company Formation Agents, which is an organisation with the purpose of encouraging high standards amongst agents and acting as an open forum for professionals working in the industry. ACRA is the only recognised association for company registration and ACRA works closely with Government departments such as Companies House, HMRC, BEIS and HM Treasury. Our ACRA membership is an endorsement of the quality of service we provide and gives our customers confidence they are dealing with an agent they can trust.">
The Living Wage Foundation In April 2016 the government introduced a higher minimum wage rate for all staff over 25 years of age and called it the ‘national livingwage’.
Unfortunately, the government's 'national living wage' is not calculated according to what employees and their families need tolive.
Rapid Formations is proud to be a member of The Living Wage Foundation who pay all employees the real Living Wage which is higher than the government’s ‘national living wage’ and is voluntarily paid by over 4,400 UK businesses who believe their staff deserve a fair day's pay for a hard day's work. We also make sure all our employees in London receive the London Living Wage. Over 150,000 employees have received a pay rise as a result of the Living Wage campaign. Other employers accredited with the Foundation including 1/3 of the FTSE 100 and big household names including ITV, GOOGLE, IKEA, Everton FC and Chelsea FC.">
Mindful Employer
Mindful Employer was launched in 2004 and was an NHS initiative run by Workways who support people with mental health conditions to find and remain in employment. It has since been developed by employers into a UK wide initiative and has been recommended as good practice by the UKgovernment.
Mindful Employer provides employers with easier access to information, local support, mental health awareness training and other resources to help employers support staff. Essentially the organisation is about increasing awareness of mental health, providing support networks and information, and making it easier to talk about mental health. Being a Mindful Employer demonstrates a willingness to enable discussion of mental ill health to take place without fear of rejection or prejudice.">
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