If you have hopes of relocating and wish to move your company from Scotland to England, you’ll be happy to know that you can establish your business and trading operations anywhere you like. Regardless of where your company is registered, there is nothing to prevent you from moving your business to a new location or…
Dissolved companies are companies that have been struck off the register and are no longer in existence. This means that a dissolved company name can be registered by a new or existing company. There are no legal restrictions in place to prevent the use of these names, aside from the standard company name rules and…
A shareholder owns and controls a limited company through the purchase of one or more shares. A director is appointed to manage a company on behalf of its shareholders. Whilst the roles of directors and shareholders are completely separate and very different, it is normal for one person to hold both positions. Alternatively, a limited…
Limited companies have a range of filing and reporting requirements to perform for Companies House and HMRC on an annual and as-needed basis. It is the responsibility of company officers (directors and secretaries) to submit annual Confirmation Statements, annual accounts and Company Tax Returns by their statutory filing deadlines. Corporation Tax must also be paid…
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 completed application form to the Registrar of Companies in Northern…
In the UK, you only require one person to form a limited company. Whilst the application requests details of at least one member and one director, it is commonplace for the same individual to hold both of these positions. This means that you can set up a limited company on your own. This is very…
A holding company, sometimes referred to as a ‘parent’ company, is simply a limited company that is set up for the purpose of: owning assets and shares in other firms, and/or managing or supervising other businesses A holding company is a majority shareholder in other firms, which are thereafter classed as subsidiaries of the parent…
Company formation is the process of incorporating (registering) a business as a limited company. When this happens, the business becomes a distinct legal entity; an individual ‘person’ in the eyes of the law. Essentially, this means that the company is completely separate from its owners in terms of finances, liabilities, contractual agreements, and ownership of…
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 trading activity, such as…
Running a business will likely involve hiring employees at some point. You may have prior experience in this area, with a wealth of interview techniques up your sleeve, or you may be completely new to this part of the recruitment process. Either way, you must have the appropriate skills and knowledge to conduct successful interviews.…
The success of your business comes down to a great many factors. The people you hire to work for your company and represent your brand will have a significant impact on the way your business is perceived, which will ultimately impact its overall success. It is vital that you choose the most appropriate employees with…
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…
