Choosing to sell on Amazon is becoming increasingly popular for individuals, sole traders, and limited companies, providing enhanced exposure and access to millions of potential customers online. According to Mintel, almost 90% of all UK shoppers use Amazon, and around 70% make purchases on the site at least once a month. As a result, Amazon…
A dissolved company is one that has been closed and struck off the register at Companies House. When this happens, the company ceases to exist and is no longer able to trade. In certain circumstances, however, it is possible to restore a company by applying to Companies House for ‘administrative restoration’. If administrative restoration is…
A shareholder (‘member’) is an individual person or corporate body that holds shares in a company limited by shares. As a shareholder, your shareholdings represent the percentage of the business that you own and control. The bigger your shareholding, the more company profits you are entitled to, and the greater control you have in the…
Are company directors liable for the debts of the company? We explain the circumstances where directors of a limited company can be held responsible for its debts. While setting up a limited company entails a bit more in the way of formation than being a sole trader, as well as greater financial and admin responsibilities,…
Companies House Service is a digital search service that provides free access to all public information stored on the UK register of companies, and until recently was called Companies House BETA. The public ‘beta’ trial period for Companies House Service was launched in June 2015. ‘Beta’ is an IT industry term for software which is…
Please note: Due to the Coronavirus (COVID-19) crisis, the government announced on 16 March 2020 that the proposed reforms to the IR35 off-payroll working rules are to be delayed for 1 year, from 6 April 2020 until 6 April 2021. The Chancellor’s Autumn Budget 2018 included a broad set of changes that apply to a…
As a business owner, you will have plenty of tax responsibilities. One of those key responsibilities will be managing your company’s Value Added Tax (VAT) commitments. That’s why you need to be aware of Making Tax Digital, introduced by the UK Government in April 2019, which changed the way that companies keep tax records, communicate…
This blog is part of our ongoing series: If you’re starting a new business – here’s how NOT to fail. After reading about why your company needs a business landline telephone number (and why you should never be the one who answers it), be sure to check out the rest of our series, in which…
This blog is part of our ongoing series: If you’re starting a new business – here’s how NOT to fail. After reading about things you need to do before building a business website for your company, be sure to check out the rest of our series, in which Rapid Formations CEO Graeme Donnelly spells out…
If you’re a current business owner or you are interested in starting a new venture, chances are you want to make sure your business does not fail. Forming a company, creating new products or services, bringing them to market, and sharing your skills with the world is an incredible experience. But unfortunately, finding business success…
Forming a new company is incredibly exciting and can offer an extraordinary world of opportunity you never knew existed. But how can you make sure your business does not fail? The difference between success and failure for a new business often boils down to perception. How your company is regarded by potential customers or clients,…
Starting your own business and working from home can be an incredibly liberating experience. When working from home, you get to create your own schedule, develop a unique work pattern, and do everything your way. On the flipside, you can also enjoy working in the comfort of your own office. But once you’ve started working…
