If you’re on the hunt for a new business opportunity and are keen to explore the worlds of tourism and hospitality, you should give serious consideration to starting a bed and breakfast. The Bed and Breakfast Association reckons the UK’s bed and breakfasts (B&Bs) generate some £2 billion a year in revenue, helping the B&B…
When you decide to start a new business, setting up a limited company is one of the most crucial steps you need to take. Company formation not only offers you and your business a wide range of essential legal protections, it also cements the foundation of your business. Today, more than 50,000 business owners use…
Everybody loves a wedding – but have you ever thought about becoming a wedding planner and organising weddings for a living? There’s a huge demand for wedding planners across the UK, so it’s definitely a profession worth checking out if you’re interested in starting your own business, A wedding planner is an individual who helps…
If you have a registered office and/or service address with Rapid Formations, then we’ve got big news about exciting improvements we’re making to the way we handle your government mail. On 24 April 2018, Rapid Formations will be introducing a brand-new Digital Mailroom – and we think you’re going to love it. How does our…
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…
Over the course of the past 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…
While our high streets are crammed with big chain food outlets, the small independent sandwich shop still seems able to buck the trend and compete with the big boys. So it’s no surprise that more and more people are looking at ways to move into this £7.2bn industry by opening a sandwich shop. If you’re…
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 the essentials of starting a dog-walking…
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 beneficial owners of a limited company. These individuals (or corporate bodies) invest money in a business in exchange for shares, which represent a portion of ownership of the company. In return, limited company shareholders are usually entitled to vote on the management and overall direction of the business and receive a proportionate…
The first directors of a limited company are appointed by members (shareholders or guarantors) during the incorporation process. After company formation, members can appoint a director at any time, either to replace or support the current director(s). Private limited companies must have at least one natural (human) director at all times, but there is no…
A director is someone who manages the day-to-day aspects of running of a limited company, which includes all operational, financial, and statutory administrative duties. Along with company secretaries, limited company directors are referred to as company ‘officers. Directors are appointed by the shareholders or guarantors (members) who own the company. In many cases, particularly small…
