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Rapid Formations Blog

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  • About Companies Image of the official HMRC letter that is issued to new companies, featuring a company Unique Tax Reference number.

    How do I get my company’s unique tax reference?

    By Rachel CraigOctober 2, 201320 Comments

    When you form a limited company, HMRC will be automatically notified by Companies House. Shortly thereafter, HMRC will issue a unique tax reference (UTR) for your new company and send a letter to your registered office address. This letter will contain your company’s unique tax reference and important guidance on your tax responsibilities. A company…

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    About Companies Image of two men in suits, one of whom is gesturing with an outstretched arm, illustrating the concept of removing a director from a limited company.

    Can I remove a director from a company?

    By Rachel CraigSeptember 30, 201332 Comments

    Strict procedures must be followed if you want to remove a director from a limited company. To ensure compliance with contractual agreements and company law, and to avoid the potential for legal claims, you must ensure that any termination of a director’s appointment is just. Below, we discuss the different options available to you and…

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    Company Formation Image of a small home office containing a wooden desk with a laptop, keyboard, and other desk accessories, illustrating the concept of using a home address as a registered office

    Using your home address as a registered office

    By Rachel CraigSeptember 17, 2013Leave a comment

    You can use your home address as a registered office for your limited company, provided that it is situated in UK jurisdiction where your company is incorporated (i.e., England & Wales, Wales only, Scotland, or Northern Ireland). However, you should be aware that Companies House places all registered office addresses on public record. You will…

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    About Companies Paper copy of Companies House Form SH01 - Return of allotment of shares - which must be filed when you issue more shares

    Issue more shares in a private limited company

    By Rachel CraigSeptember 4, 201321 Comments

    You can issue more shares in a private limited company at any point after incorporation. However, there are a number of factors that you will need to first consider before issuing (‘allotting’) additional shares to new and/or existing members, including authorised share capital, pre-emption rights, and the directors’ power to authorise allotments. These types of…

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    About Companies Black and white image of an old-fashioned share certificate, which were issued as proof of ownership of limited company shares.

    A guide to limited company shares

    By Rachel CraigAugust 22, 201329 Comments

    Understanding the concept of limited company shares can be difficult if you are setting up a company for the first time. To help you to gain a better understanding, we will explain the meaning of share capital, the different types of shares a company can have, the different rights attached to shares, and how to…

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    About Companies Stock in front of a building

    What is a Statement of Capital?

    By Rachel CraigAugust 18, 2013Leave a comment

    The requirement to provide a Statement of Capital was introduced on 1st October 2009 when the Companies Act 2006 came into full effect. The purpose of the document is to give a brief summary of a limited company’s issued share capital at a certain date. All limited by shares companies are required to complete a…

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    Company Formation Image displaying the text "Limited by shares vs limited by guarantee".

    Limited by Shares vs Limited by Guarantee company structure

    By Rachel CraigAugust 3, 20138 Comments

    The overwhelming majority of commercial and non-profit companies are incorporated as ‘limited by shares’ or ‘limited by guarantee’. To help you to determine which one is best for your business, we explain the difference between the two structures and weigh up the pros and cons of limited by shares vs limited by guarantee companies. Most…

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