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Rapid Formations Blog

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    What is a Statement of Capital?

    By Rachel CraigAugust 18, 2013Leave a comment

    The statement of capital was introduced on 1st October 2009 when the Companies Act 2006 came into full effect. It also provides 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 Statement of Capital and Initial Shareholdings on Form IN01 during…

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    Company Formation

    Limited by shares vs. limited by guarantee

    By Rachel CraigAugust 3, 20136 Comments

    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…

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