Setting up a limited company

[Nom de ploom]

Anyone on here recent experience of this and can point me in the direction of a step by step guide?

I can do the books myself just not sure about "profits" and "trading" expenses etc....

if there is already a thread then pls ignore and mods can delete.

thanks

[E Ponym]

If you are setting up a company as a self-employed contractor or similar then look at <http://www.sjdaccountancy.com> as one source of information. I have used them for my own consultancy company.

You need to check the ramifications of IR35 (i.e. HMRC can deem that you are employed if the work you are doing is too similar to being an employee).

You also need to look at the difference between a full Limited company or working under an Umbrella company.

If you are looking to do something totally different then you can just use them to set up the company.

[ODJ]

My firm currently assist and advise 1000+ PSC Limated Co's alongside offering a Umbrella service, I wont post a link to the site on here but feel free to drop me a pm.
ODJ

[Eric Mc]

What is the nature of your business and why do you think a limited company is the appropriate vehicle?

[Nom de ploom]

I leave a govt. post today and looking for interim / temp post and ltd. co opens a few more doors Eric as a finance professional.

Likley as not it will be a partnership with my other half as she will soon be a qualified psychotherapist and will start to bill clients.

[Eric Mc]

So the work involves physiotherapy?

[Nom de ploom]

nada, counselling.

I'm an accountant she is a qualifying psychotherapist but the partnership will be under a ltd. co. if we can do it that way.

[Eric Mc]

Need to be careful if the two trading activities are wildly disimilar. It could burden you with extra disclosure requirements in the company accounts and could cause problems regarding proper allocation of costs between the two trades - not to mention capital allowance claims and loss offsets (if losses are made).

[rog007]

Eric Mc said:

Need to be careful if the two trading activities are wildly disimilar. It could burden you with extra disclosure requirements in the company accounts and could cause problems regarding proper allocation of costs between the two trades - not to mention capital allowance claims and loss offsets (if losses are made).

[DickSkruttock]

E Ponym said:

If you are setting up a company as a self-employed contractor or similar then look at <http://www.sjdaccountancy.com> as one source of information. I have used them for my own consultancy company.

+1