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how to set up a ltd company?

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  • how to set up a ltd company?

    hi guys, i've just recently turned full-time locuming. can anyone explain to me the process of setting up a ltd company and how it works (paying myself minimum wage and then the rest by dividends - by the way what does that mean?!) would i be better off just getting an accountant to do everything? thank u guys!!

  • #2
    Re: how to set up a ltd company?

    Contact Modi. advertise every week in C&D and PJ.
    johnep

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    • #3
      Re: how to set up a ltd company?

      Visit Business support, information and advice | Business Link, they have some excellent articles about this topic. I set mine up this way and just had to pay the fees to companies house.
      I use an accounts software package to do my accounts.

      My friend recently paid £150 for this service from an accountant.
      _____

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      • #4
        Re: how to set up a ltd company?

        Useful link - thanks

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        • #5
          Re: how to set up a ltd company?

          Hello, along a similar line does anybody know about the IR35 clause. I have recently setup a LTD company but i was advised i may not get full benefits (taxwise!) compared to being a sole trader due to IR35?!
          Thanks in advance

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          • #6
            Re: how to set up a ltd company?

            Originally posted by MFarmer View Post
            Hello, along a similar line does anybody know about the IR35 clause.
            Quote from Bobbin:
            Always remember that Google is your friend.
            IR35 - Wikipedia, the free encyclopedia
            seems to have a discussion of the issues, of which I was blissfully unaware. Boy, am I out of date.

            There is an accountant who supports this forum, I think..... watch the ads at the bottom of the page.
            ....just my opinion

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            • #7
              Re: how to set up a ltd company?

              IR35 is complicated, i know cause i have just been through the whole IR35 thing. my advice would be see an accountant who is a business adviser also. Depending on how much you expect to earn per annum, if its over £50,000 a good accountant should be able to ensure you receive the highest salary possible. you working in hospital or community?

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              • #8
                Re: how to set up a ltd company?

                Originally posted by DavidS View Post
                Quote from Bobbin
                I'm being quoted! How exciting

                Bobbin

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