Newbie looking for help :/
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    Nervous Newbie

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    Default Newbie looking for help :/

    So I'm looking into venturing into the world of self employment and am required to set up a LTD company. Currently in the process of making a company name at Companies House. But it asks for shares. Quantity and value. What do I put for this? It may be obvious to most but it has me baffled.
    Also (because I know no one with a LTD company) what are the typical costs of a LTD company. Say for argument sake the net income to the company was 30,000. How do you pay yourself out of that and do you then pay tax and NI on what you pay yourself or the income to the business account?
    Apologies if this is all below people but this is a new thing to me. All answers greatly received

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    Respect my authoritah!

    NotAllThere is a fount of knowledge

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    See that First Timers link over there----------->

    Read it.
    --drunk on abuse of power--

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    Quote Originally Posted by NotAllThere View Post
    See that First Timers link over there----------->

    Read it.
    As above + get yourself an accountant at the same time (straight up).
    ______________________
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    Still gathering requirements...

    dotcom12 is too good to be a permie


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    congrats on the move, its time to make it rain money

    As above, get yourself an accountant to take care of the boring stuff, I'm using Nexusaccounting.co.uk but there are plenty of others.

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    TripleIronDad

    BrilloPad is always on top

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    I highly recommend QDOS. Try Ben Surtees-Smith or Troy Stevens on 0116 2437868. Everything will be taken care of for you.
    I keep pushing forwards but they keep pushing me backwards. So I have new rules. 1. Don't feed the trolls you know they have no souls. 2. Don't respond to them they'll only post back back again. 3. Don't be their friend they'll only knife you in the back. I have new rules I count them.

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