Should i be a LTD Co

[badboyburt]

New business, domestic maintenance, should I be Ltd ?

[jonamv8]

Depends

[badboyburt]

jonamv8 said:

Depends

On ?

Im new to all this new start up stuff, friends think I should be Ltd but im not sure,

Pros/Cons ?

[Eric Mc]

What is your expected turnover to be?

What is your expected profit to be?

Is there any serious inherent risk - either financial or other - in the business?

Will the business need to borrow from the start?

[sumo69]

I have sent you a PM.

David

[PurpleMoonlight]

badboyburt said:

New business, domestic maintenance, should I be Ltd ?

Is that a posh term for cleaning bogs?

[GingerMunky]

Start as a sole trader, then once you are sure it is a going concern, sell the sole trader business into a Ltd business.

[badboyburt]

PurpleMoonlight said:

Is that a posh term for cleaning bogs?

Unfortunately not, you will have to carry on cleaning your own.

Domestic Property Maintenance.

[badboyburt]

sumo69 said:

I have sent you a PM.

David

Hi David, no PM received, not sure it works to be honest.

[badboyburt]

Guys thanks for the advice above, ive spent most of the day reading up on does and donts, what a minefield lol

[Grandad Gaz]

Sole trader to start. Partnership with the OH in a couple of years.

[jonamv8]

If your confident, ie done it before and have business from day one I'd just go LTD.

Always feel it looks better to potential customers to be LTD and VAT reg. Perhaps my opinion if based on my industry though so maybe not applicable to all

[sumo69]

badboyburt said:

Hi David, no PM received, not sure it works to be honest.

I hate the PM system - never works!!

Pop me an e-mail with a phone number : [e-mail]

D

[wattsm666]

GingerMunky said:

Start as a sole trader, then once you are sure it is a going concern, sell the sole trader business into a Ltd business.

The tax advantage of this has now been cancelled, so unlikely to be beneficial.

[deadslow]

wattsm666 said:

GingerMunky said:

Start as a sole trader, then once you are sure it is a going concern, sell the sole trader business into a Ltd business.

The tax advantage of this has now been cancelled, so unlikely to be beneficial.

damn!! Used to work a treat