Skip to content
Rapid Formations Blog
A comprehensive guide company formation
Rapid Formations BlogRapid Formations Blog
  • Packages
    • View all Packages
    • Digital Package
    • Digital Plus Package
    • Compliance Package
    • All Inclusive Package
    • Non-Residents Packages
    • Contractors Package
    • Guarantee Package
    • LLP Package
  • Corporate Services
    • Address Services
      • Renewals
      • London Registered Office
      • Scottish Registered Office
      • Service Address
      • Business Address
      • Company Address Guide
    • Corporate Services
      • Business Telephone Services
      • Confirmation Statement
      • Dormant Company Accounts
      • Full Company Secretary Service
      • Apostilled Documents
      • Certificate of Good Standing
      • Company Dissolution
      • Company Name Change
      • Director Appointment & Resignation
      • Issue of Shares
      • Transfer of Shares
      • Renewals
    • Finance
      • VAT Registration
      • Barclays Business Banking
      • Cashplus Business Banking
      • Countingup Business Banking
      • Anna Business Banking
  • Blog
  • Support
    • Online Client Portal
    • 4 Steps to Forming a Company
    • Required Information for Company Setup
    • FAQs
    • A-Z Glossary of Terms
    • Pricing
    • Entrepreneur Scholarship Programme
  • About
  • Contact
Search Blog
  • Packages
    • View all Packages
    • Digital Package
    • Digital Plus Package
    • Compliance Package
    • All Inclusive Package
    • Non-Residents Packages
    • Contractors Package
    • Guarantee Package
    • LLP Package
  • Corporate Services
    • Address Services
      • Renewals
      • London Registered Office
      • Scottish Registered Office
      • Service Address
      • Business Address
      • Company Address Guide
    • Corporate Services
      • Business Telephone Services
      • Confirmation Statement
      • Dormant Company Accounts
      • Full Company Secretary Service
      • Apostilled Documents
      • Certificate of Good Standing
      • Company Dissolution
      • Company Name Change
      • Director Appointment & Resignation
      • Issue of Shares
      • Transfer of Shares
      • Renewals
    • Finance
      • VAT Registration
      • Barclays Business Banking
      • Cashplus Business Banking
      • Countingup Business Banking
      • Anna Business Banking
  • Blog
  • Support
    • Online Client Portal
    • 4 Steps to Forming a Company
    • Required Information for Company Setup
    • FAQs
    • A-Z Glossary of Terms
    • Pricing
    • Entrepreneur Scholarship Programme
  • About
  • Contact

Rapid Formations Blog

Search blog:

  • View All
  • About Companies
  • Business Startup
  • Business Tips
  • Company Formation
  • Filing & Finance
  • About Companies Company director in light grey suit with white shirt and dark blue tie, holding up a sign saying 'I QUIT'.

    How to resign as a director – a simple step by step guide

    By Alex HeshmatyDecember 19, 2020Leave a comment

    Want to know how to resign as a director of a limited company? This blog explains how to do just that, including the steps a company must take when a director resigns. We also walk you through what is displayed at Companies House and the level of liability that exists after a resignation. What a…

    Read Article
    Business Tips Electronic style illustration with headline graphic SECURITY CLEARANCE

    How to get security clearance as a UK contractor

    By Alex HeshmatyDecember 12, 2020Leave a comment

    Many jobs for contractors require security clearance. In this blog we will consider the different types of security clearance and how a contractor can obtain them. What is a contractor? A contractor is essentially someone who performs work for a business or organisation on a contractual basis. Contractors often work on a self-employed basis, either…

    Read Article
    Business Tips Illustration displaying group of 5 contruction workers with hard hats.

    Can a sole trader have employees?

    By Alex HeshmatyNovember 1, 2020Leave a comment

    Is it possible for a sole trader to take on employees? In this blog we are going to discuss this question, and also cover employment law, contractors, freelancers and limited companies. When a business expands, it is often necessary to take on members of staff to cope with the additional workload. Although limited companies routinely…

    Read Article
    Filing & Finance Three colourful wooden blocks spelling the word VAT against an orange background.

    What is the VAT Flat Rate Scheme and can it benefit my company?

    By Alex HeshmatySeptember 20, 2020Leave a comment

    If a business charges more VAT to customers than it pays on its own purchases, the difference must be paid to HMRC. Conversely, if a business pays more VAT than it charges, the difference can be reclaimed from HMRC. However, the VAT Flat Rate Scheme works differently – and this is what we will look…

    Read Article
    Business Tips Illustration of a laptop sitting on a desk with the words EMPLOYEE BENEFITS displayed on the screen.

    What is an employee share scheme?

    By Rachel CraigSeptember 12, 2020Leave a comment

    In certain circumstances, larger companies and those with a progressive outlook will issue shares to employees as part of a benefits package. Setting up employee share schemes can be mutually beneficial to both companies and employees in terms of tax savings opportunities, attracting and retaining the very best talent, and creating a happy and productive…

    Read Article
    Filing & Finance Illustration of businessman with a sack of money over his shoulder, running away from a giant hand with 'TAX' displayed on the sleeve.

    Tax on shares – everything you need to know

    By Alex HeshmatySeptember 5, 2020Leave a comment

    Various taxes need to be paid in respect of company shares. Shareholders should be aware of the tax liabilities that may arise when they buy, sell, or make any money from their shareholdings. We will consider the specific forms of tax on shares below. 1. Stamp Duty – buying shares Stamp Duty is most commonly…

    Read Article
    Filing & Finance A glass globe sitting on top of a keyboard, demonstrating the concept of global business.

    Are UK companies taxed on income made abroad?

    By Rachel CraigAugust 30, 2020Leave a comment

    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 made abroad. Below, will…

    Read Article
    About Companies Young male director smiling at camera with colleagues in background.

    Is a director an employee of a company?

    By Alex HeshmatyAugust 2, 2020Leave a comment

    Company directors are officially classed as office holders. 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 under certain conditions, which we will discuss below. When is a…

    Read Article
    About Companies Black arrows displaying a conversion with light grey background.

    Can I convert a limited by guarantee company to a limited by shares company?

    By Alex HeshmatyJuly 26, 2020Leave a comment

    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 the alternative setup. But can you convert a…

    Read Article
    Business Tips

    What is the ONS and do I need to complete their surveys?

    By Alex HeshmatyJuly 11, 2020Leave a comment

    Each year thousands of businesses are asked to complete business surveys for the Office for National Statistics. Similar to jury service, being selected to take part in a survey is relatively random and complying with the request is a legal requirement. So what is the ONS and what is the purpose of their business surveys?…

    Read Article
    About Companies Two directional street signs displaying the words 'Compulsory' and 'Voluntary' - in white text with light blue background.

    Compulsory vs voluntary strike off – what’s the difference?

    By Alex HeshmatyJune 21, 2020Leave a comment

    There are two methods of removing a company from the Companies House register: voluntary strike off and compulsory strike off. These are mutually exclusive and their use depends on the particular circumstances of a limited company. We will take a look below at the differences between these two limited company strike-off processes. What is voluntary…

    Read Article
    About Companies The word 'Change' written in red on white paper with red pencil in background.

    Share capital – how can you change it?

    By Alex HeshmatyJune 13, 2020Leave a comment

    Limited by shares companies must assign a nominal value to each of their shares during their incorporation (for example, £1, £0.50, £0.01, etc)  The nominal value of shares represents the ‘limited liability’ of company members, which is the sum of money that shareholders are legally required to pay on each of their shares upon the…

    Read Article
    12345…
    67891011
    12
    Formation Packages
    • Digital Package
    • Digital Plus Package
    • Compliance Package
    • All Inclusive Package
    • Contractors Package
    • LLP Package
    • Guarantee Package
    • Non-Residents Packages
    Address Services
    • London Registered Office
    • Scottish Registered Office
    • Service Address
    • Business Address
    Additional Services
    • Business Telephone Services
    • Dormant Company Accounts
    • Full Company Secretary Service
    • Apostilled Documents
    • Certificate of Good Standing
    • Company Dissolution
    • Company Name Change
    • Director Appointment & Resignation
    • Issue of Shares
    • Transfer of Shares
    Support
    • Contact Us
    • Online Client Portal
    • ID Requirements
    • FAQs
    • Pricing
    • Terms & Conditions
    • Refund & Cancellation Policy
    • Complaints
    • GDPR Privacy Policy
    • Cookies Policy
    Rapid Formations Blog
    Copyright 2021 © Rapid Formations Company Nr: 08683949 VAT Registration Nr: 173 1812 20
    Facebook Twitter LinkedIn
    Tel: 020 7871 9990E-mail: info@rapidformations.co.uk 71-75, Shelton Street, Covent Garden, London, WC2H 9JQ
    Go to Top