The date of incorporation of a UK limited company is the date it is registered at Companies House in England and Wales, Scotland or Northern Ireland. This is when it comes into existence as a distinct legal entity. A company is ready to begin trading from the moment it is incorporated. However, it is possible to register the…
Dissolved companies are no longer in existence so the names of dissolved companies can be registered by a new company. There are no legal restrictions in place when choosing such a name, aside from the standard rules and regulations dictating all company names. You should note, however, you cannot use another company’s name when the…
A limited company shareholder is an owner of a company. A limited company director is appointed by shareholders to manage the business on their behalf. Although the roles are completely different and separate, one person can assume both positions. Alternatively, lots of different people can take on these roles. To set up a limited by shares company,…
Following the commencement of the Companies Act 2006 on October 1st 2009, a single company law regime governs all UK companies. The Companies Registry Northern Ireland (CRNI) was integrated with Companies House as part of the Department for Business, Energy and Industrial Strategy (BEIS). To form a company in Northern Ireland, you must complete an…
Private limited companies in the UK can be registered at Companies House by just one person. Whilst the application form requires you to have a minimum of one director and one shareholder, it is commonplace for the same individual to hold both of these positions. This means you can set up a company on your own. This is very beneficial…
A holding company is set up for the purpose of owning assets, shares in other companies and/or to manage or supervise other companies. It is sometimes referred to as a ‘parent’ company. A company whose majority shareholder is another company is known as a subsidiary of that company. Register a holding company online in 3 hours…
Company formation is the process of registering a business as a limited company at Companies House. As a result, the business becomes a distinct legal entity. The process is also referred to as ‘company incorporation’ and ‘company registration’. When you incorporate a limited company, it becomes an individual ‘person’ in the eyes of the law. Incorporated…
One of the most popular topics we deal with on a daily basis at Rapid Formations is how to open business bank accounts as a non-UK resident. 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 unless you…
A company registration number is a unique number issued by Companies House when a limited company or Limited Liability Partnership (LLP) is incorporated. It is usually abbreviated as ‘CRN’ and is sometimes referred to as a Companies House Number. Your CRN will consist of 8 numbers or 2 letters followed by 6 numbers. It will…
Home address as a registered office It is perfectly legal and acceptable to use your home address as a registered office for your limited company, as long as it is situated in the same country in which your company is incorporated, i.e. England and Wales, Scotland, or Northern Ireland. However, Companies House places all registered office…
If you are planning to register a new limited company, you must first decide whether it will be limited by shares or limited by guarantee. The vast majority of companies are set up as limited by shares. This is an ideal legal structure if you want to keep business profits for yourself. Limited by guarantee…
