There are several ways to set up your own limited company; via an accountant (a popular way), via a company formations agent, or direct with Companies House. Here we look at the typical costs associated with each option.
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.
- 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 more in-depth guides to setting up and running a limited company, visit LimitedCompanyHelp.com.
Limited or Umbrella Company – which is best?
Which type of business structure should you use? A basic overview of how limited and umbrella companies work, and some of the pros and cons of using each stucture.
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.
What is a Certificate of Incorporation?
When you register a company in the UK, once your application has been processed and approved, Companies House will send you a formal certificate of incorporation.
Why it is hard to secure contract work as a sole trader
Why recruitment agencies and end-clients are unlikely to hire contractors who do not work via either a limited or umbrella company structure.
Being a limited company director – the basics
If you decide to start trading via your own limited company, you may at first be put off by the perceived ‘hassle’ associated with being running the company, and becoming a director. However, if you hire a reputable accountant and undertake some basic administrative tasks, you should find that you can manage your company’s affairs […]
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.
What are statutory records, and why should you maintain them?
If you’re running your own limited company, there are a number of records the directors are obliged to keep. Here we explain what these registers are used for, and what types of information they contain.
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.
Dormant limited company guide for contractors
There may be good reasons why you want to set up a company, but not necessarily trade for the time being… or you may decide to take a break from contracting, but keep your company ticking over. Here we explain what a ‘dormant’ limited company is, and what responsibilities you have as a company director.
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