One of the easiest ways to establish a successful company is to transform something you’re already passionate about into a business. That’s why, if you’re passionate about working with children, starting a childminding business could be a perfect opportunity for you. Before you get started, it’s worth pointing out that childminding isn’t just getting paid…
As a small business owner, it can be incredibly difficult to distinguish your own personality from that of your company’s brand. There’s nothing wrong with that. After all, your own values can help guide your business to establish a unique voice in the market. That being said, it’s always worth treading carefully where politics is…
Over the course of the decade, sustainability has become a crucial aspect of the industry. Businesses of all shapes and sizes are constantly assessing the ways in which their trading activity impacts the world around them, and are altering their practices accordingly in order to be more environmentally-friendly. But when you’re first starting out with…
We like to eat here at Rapid Formations a lot! Food is by far the most popular topic of conversation in our offices, and never more so than when lunchtime is approaching. And like any office workers, we like our midday gastronomical options to be not only tasty, but quick, convenient and an all-round pleasant…
Bored of the daily 9-5 office grind? Tired of being cooped up between four walls? Finding yourself distracted by cute dog videos on Twitter, wishing you could be out there in the fresh air with them? Then wish no more – Rapid Formations is here to “walk” you through (geddit?) all the essentials you need…
Address requirements can cause a great deal of confusion when setting up a business. If you find yourself in this situation, you’re not alone. When you start any type of small business, whether you set up as a sole trader or register a limited company, you will need to nominate at least one address for…
Shareholders are the legal beneficial owners of a limited company. These individuals (or companies) invest money in a business in return for a portion ownership in the form of equity shares. In return, they are usually entitled to vote on the management and overall direction of the business and receive a portion of the profits,…
The first directors of a private limited company are appointed by shareholders (or guarantors) during the incorporation process. New directors can be appointed at any time after company formation, either as a replacement or in addition to the current director(s). There is no statutory restriction on the number of directors a company has. Typically, new…
A director is someone who manages the day-to-day aspects of running of a limited company, which includes all operational, financial and administrative duties. Along with company secretaries, directors are also referred to as “officers”. Directors are appointed by the shareholders or guarantors (“members”) who own the company. In many cases, particularly small companies, members assume…
The requirement to keep a register of people with significant control (PSC register) came into effect on 6th April 2016. Under the regime, UK private companies and LLPs must create and maintain an up-to-date register with details of the individuals who have significant control or influence over the company or partnership. What is the PSC…
On 30th June 2016, the annual return was replaced with a new filing requirement called a ‘confirmation statement’. Despite the different name, the confirmation statement is essentially a simplified version of the annual return. You only need to file a confirmation statement once a year and there is no change to the filing fee and…
Our business startup checklist covers 22 planning essentials that you might have to address when setting up a new business. Some of them may not apply to you at the moment, but it’s worthwhile considering each one, just in case you’ve overlooked something important. The last thing you want is an unexpected delay due to lack of…
