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Rapid Formations Blog

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  • Company Formation Young man with beard, sitting at a desk and surrounded by stacks of books.

    Useful things to read before forming a limited company

    By Alex HeshmatyMay 9, 2020Leave a comment

    There is a wealth of information available online extolling the benefits of forming a limited company. Whether you’re a startup or an established business owner keen to switch from a sole trader or partnership model to an incorporated company or LLP structure, you will find troves of government information and well-written business blogs offering valuable…

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    Company Formation Cartoon illustration exclaiming the word'NO!'

    Do I need an accountant to set up a limited company?

    By Alex HeshmatyApril 26, 2020Leave a comment

    There are many good reasons to use an accountant to help with the smooth running of a limited company, particularly when it comes to submitting annual accounts and managing tax affairs. However, there is no need to use an accountant to set up a limited company, even though they will generally offer this service. Instead,…

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    Company Formation Independent Contractor Agreement lying on desktop with pen.

    How to set up a limited company for a contractor

    By Alex HeshmatyApril 5, 2020Leave a comment

    There are around 1.7 million contractors in the UK, many of whom operate as sole traders. A large proportion provide services exclusively (or primarily) to one client. A significant number of companies also try to convert a portion of their workforce from employees to contractors, often for tax avoidance purposes. To counter this trend, the…

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    Company Formation Company formation agent employee group showing thumbs up looking at camera - a happy professional multicultural team, recommending their professional services.

    Why should I use a company formation agent to form my company?

    By Alex HeshmatyApril 5, 2020Leave a comment

    Anyone setting up a new company will be faced with administrative work to get their new business registered with Companies House and off the ground. Those who are new to the process will also have a fair amount of research to conduct. Fortunately, a company formation agent can help out with the process of incorporating…

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    Company Formation The word 'rejected' stamped in red ink on a white background, representing the potential for incorporation applications to be rejected at Companies House.

    Why did Companies House reject my incorporation?

    By Alex HeshmatyFebruary 29, 2020Leave a comment

    Almost 10% of online company formation applications, and around half of postal incorporation applications, are rejected at Companies House. Many of the causes of rejected applications are simple mistakes that can be easily avoided. Below, we will take a look at some of the key problem areas to be aware of. Company names The Companies…

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    Company Formation Young businessman looking at his laptop screen horrified and surprised by mistakes he has made.

    10 mistakes to avoid when forming a limited company

    By Rachel CraigFebruary 17, 2020Leave a comment

    The company formation process in the UK is relatively straightforward, but it’s easy to make mistakes that may cause your application to be rejected or require correction after incorporation. Based on our extensive experience, as well as information obtained from Companies House, this blog reveals the most common errors and how you can avoid making…

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    Company Formation Business people silhouetted against a large glass wall displaying a map of the world.

    Can UK company directors be based overseas?

    By Alex HeshmatyFebruary 8, 2020Leave a comment

    There is no legal requirement for the director of a UK company to reside or base themselves in the UK. In fact, they do not even need to be British nationals. The same applies to company secretaries, shareholders, and People with Significant Control (PSCs). However, there are certain eligibility rules for UK company directors –…

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    Company Formation Image of 5 yellow stars being drawn on a clear screen, illustrating Rapid Formations' high customer rating

    Rapid Formations – best company formation agents in the UK

    By Nicholas CampionMarch 22, 20184 Comments

    When you decide to start a new business, setting up a limited company is one of the most crucial steps you need to take. Company formation not only offers you and your business a wide range of essential legal protections, it also cements the foundation of your business. Today, more than 50,000 business owners use…

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    About CompaniesCompany Formation yellow door on the road

    Different types of addresses for your small business

    By Rachel CraigFebruary 14, 20172 Comments

    Address requirements can cause a great deal of confusion when setting up a business. If you find yourself in this situation, you’re not alone. When you start any type of small business, whether you set up as a sole trader or register a limited company, you will need to nominate at least one address for…

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    Company Formation White scrabble tiles that spell the word 'exempt', representing the process of applying for 'limited' word exemption for a company name

    Exemption from using the word ‘Limited’ or ‘Ltd’ in a company name

    By Rachel CraigSeptember 11, 20151 Comment

    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 ‘Cyfyngedig’ (or ‘Cyf’) instead. However, some companies are exempt if they can…

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    About CompaniesCompany Formation Illuminated sign with the word 'Rebranding' in white text against a green background, illustrating the concept of changing a company name.

    Can I change a company name?

    By Rachel CraigSeptember 11, 201526 Comments

    You can change a company name at any time after incorporation, as long as it adheres to all company name rules and regulations. Depending on the provisions outlined in the company’s articles of association, the change of name can be authorised in one of two ways: by special resolution of the members, or by resolution…

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    Company Formation Woman standing in front of two roads that veer off in different directions, illustrating the choice of Limited or Ltd at the end of a company name.

    Should I choose Limited or Ltd in my company’s name?

    By Rachel CraigSeptember 11, 2015Leave a comment

    We are often asked to explain the difference between ‘Limited’ and ‘Ltd’ at the end of a company name. There is absolutely no difference, other than the fact that one is a complete word and the other is the shortened form. It’s entirely up to you whether to use Limited or Ltd. Using Limited or…

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