Originally posted by VectraMan
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OK to leave company dormant and then hiring accountant once I have got a job?
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Originally posted by yri768 View PostHi thanks. How do I find out the exact dates I need to do these things by?'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by northernladuk View PostYour accountant will advise.Comment
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Originally posted by yri768 View PostAh it seems that you can sign up for an email alert at https://www.gov.uk/prepare-an-annual...ompanies-houseComment
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Originally posted by Maslins View PostI'd wait until you've got a contract sorted.
Companies can be incorporated in ~1 working day. Yes getting a bank account/VAT registration in place do take a little longer, but typically you only need those in place for when you come to send your first invoice, rather than before you can start work.
Risk if you do it all now is that:
1) you never get a contract, so end up wasting effort and having to close the company down in a while without it doing anything.
2) you do get a contract in (say) 9 months time. At that point you appoint an accountant, and they insist on an up front fee because your year end is only a few months away.
being with an umbrella company on my current contract I could see rule 2 applying so I am 6 weeks into the close down procedure with companies house.
Setting up a Ltd co really is no big deal, and you can whistle through the procedure including opening a bank account in a week.
I didnt want to take a contract on, then (even though I hadnt previously used it) end up having to pay an accountant for year end books. He would make more money on the deal than me.Comment
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Originally posted by yri768 View PostWell I just thought that it might take longer (like longer than a week) to start the company up / set bank account and so wanted to do this myself and then hire an accountant when I get the job. If I did this and ended up in the (hopefully unlikely) circumstance that I am unable to find a job in a year, then I will have to make the filings to HMRC/Company house myself.
So would the accountant typically set up the bank account as well? ThanksComment
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