Setting up a Limited Company

[VectraMan]

Think I used UKplc - cost about £30 - the fact that CH encourage you to do it direct with them tells you it's not difficult..

Yes I used them for Plan B Co. Much better than the people I used for Plan A co.

I found when it came to doing the first annual return, not using the accountant caused a little bit of a headache, though not much of one. If it's free, I'd let the accountant do it. I wouldn't pay £125 though. SJD also charge twice as much for a registered office and company secretary service.

[Alan @ BroomeAffinity]

Vectraman - I was going to mention the extra chrges at SJD but thought better of it in case it was assumed to be marketing. Thanks!

Our fixed fee includes RO and secretary services. Although you don't need a secretary now, the banks haven't yet caught up so its as well to have one.

Our free set-up includes bank account, and VAT and PAYE registration although you do still need to sign the forms, we do everything else.

[chris79]

I think it's a good idea to do it yourself, it's not rocket science and you will know how to run YOUR company, not rely on accountants to do everything for you, which then leaves you in dodgy ground in terms of who is actually managing the company (MSC laws).

Correct everyone?

[THEPUMA]

I think it's a good idea to do it yourself, it's not rocket science and you will know how to run YOUR company, not rely on accountants to do everything for you, which then leaves you in dodgy ground in terms of who is actually managing the company (MSC laws).

Correct everyone?

Correct. I've mentioned this before several times. Having your accountant as your company secretary is asking for trouble. It mystifies me why accountants still offer it as a service, unless it is sheer negligence.

[chris79]

Correct. I've mentioned this before several times. Having your accountant as your company secretary is asking for trouble. It mystifies me why accountants still offer it as a service, unless it is sheer negligence.

Unless of course you like to see your money paid to you in full PAYE, then the tax man might not really care.

No seriously, best thing to do is incorporate your company (same day, ~£30), get a business bank account, purchase appropriate business insurances (EL/PL/PI/etc), then decide if you want to do your own book keeping and tax returns/affairs and understand how to run and work this, or pay an accountant to help you do this.

If you ask an accountant to do "everything" for you, then technically they are working as a managed service company and you should be receiving your wage in full PAYE, rather than a salary and dividends.