As a limited company contractor, you can choose to voluntarily shut down your company and remove it from the Companies House register. This means the company will cease to exist and you won’t face any more administrative duties or running costs for the business.
Business Structures - Limited Company
Most professional contractors work via their own limited companies. It remains the most tax-efficient business structure, despite the April 2016 dividend tax hike.
Company directors have more paperwork and legal obligations than umbrella company contractors, but in reality, a specialist accountant can take care of these administrative duties for you.
- If you only have 5 minutes, make sure you read 10 things you should know before setting up a limited company
- How much does it cost to set up a limited company?
- Limited company basics - how to set up a company, and the responsibilities you have as a director
- Limited vs. Umbrella - find out more about the advantages and disadvantages of each business structure
- For in-depth guides to setting up a company, try Limited Company Help
- Company Formation from £12.95 - visit Clever Formations
What is a company secretary, and do I need one?
Company secretaries are usually appointed to help directors complete their statutory duties and carry out other task related to corporate governance.
Choosing a name for your company – the basics
How to choose a professional, unique name for your company. We look at the rules and regulations which govern company naming, and why contractors may benefit from securing a matching web address.
Letting out property via your own limited company
As the number of tax planning opportunities available to contractors continues to dwindle, we look at the pros and cons of running buy-to-let investments via a corporate structure.
The benefits of going limited after April 2016
Several significant tax changes are set to take effect from April 2016. Here, a leading accountant explains what the likely impact will be, and why the limited company model remains a smart choice for contractors.
Annual Return filing for limited company contractors
One of your duties as a limited company director is to update Companies House with information about your company every 12 months. This is achieved via submission of an Annual Return form (AR01). Here we look at what the form contains, how to submit it, and how much the service costs.
What to do with your limited company if you go on a career break
It is not unusual for contractors to take time out, either for an extended holiday, to carry out a period of research and training, or if new work is hard to find. You may even have decided to take a permanent job. So, what should you do with your limited company if you do decide […]
Your responsibilities and duties as a limited company director
As a limited company director, you have a number of legal and financial responsibilities. We look at what these duties are, and why it is essential for directors to meet their statutory obligations.