+ Reply to Thread
Posts 1 to 5 of 5
  1. #1

    Nervous Newbie

    Bo6600 has no reputation


    Join Date
    Jul 2017
    Posts
    1
    Thanks (Given)
    0
    Thanks (Received)
    0
    Likes (Given)
    0
    Likes (Received)
    0

    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

  2. #2

    Respect my authoritah!

    NotAllThere - scorchio!

    NotAllThere's Avatar
    Join Date
    Aug 2007
    Location
    Far away from HMRC
    Posts
    17,007
    Thanks (Given)
    185
    Thanks (Received)
    684
    Likes (Given)
    1127
    Likes (Received)
    2466

    Default

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

    Read it.
    You won. Get over it.

    --drunk on abuse of power--

  3. #3

    Super poster

    kaiser78 has more data than eek


    Join Date
    Sep 2008
    Posts
    2,466
    Thanks (Given)
    41
    Thanks (Received)
    85
    Likes (Given)
    27
    Likes (Received)
    221

    Default

    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).
    ______________________
    Don't get mad...get even...

  4. #4

    Still gathering requirements...

    dotcom12 is too good to be a permie


    Join Date
    Mar 2017
    Location
    Manchester
    Posts
    45
    Thanks (Given)
    3
    Thanks (Received)
    4
    Likes (Given)
    5
    Likes (Received)
    5

    Default

    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.

  5. #5

    TripleIronDad

    BrilloPad is always on top

    BrilloPad's Avatar
    Join Date
    Aug 2006
    Posts
    93,468
    Thanks (Given)
    17114
    Thanks (Received)
    4516
    Likes (Given)
    17114
    Likes (Received)
    8034

    Default

    I highly recommend QDOS. Try Ben Surtees-Smith or Troy Stevens on 0116 2437868. Everything will be taken care of for you.
    We shall defend our island, whatever the cost may be, we shall fight on the beaches, we shall fight on the landing grounds, we shall fight in the fields and in the streets, we shall fight in the hills; we shall never surrender.

+ Reply to Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

Content Relevant URLs by vBSEO 3.6.0 ©2011, Crawlability, Inc.