One of the most striking changes contained within the Companies Act is that the appointment of a company secretary is now optional for limited companies.
From April 2008, limited companies can continue with their company secretary if they wish to, or if they wish to dispense with their company secretary, they should do so by informing Companies House via form 288b.
Now it is possible for a limited company to have a sole director and no company secretary.
From April 2008, limited companies can continue with their company secretary if they wish to, or if they wish to dispense with their company secretary, they should do so by informing Companies House via form 288b.
Now it is possible for a limited company to have a sole director and no company secretary.
Firstly, i am new to contracting (9months experience) and am on a rolling contract which has been going on for about 2 months. The client itself is waiting for the contract which i have been hired for, therefore if they get the signoff , i stay for another 6+ months otherwise i look for another job. Chances are that they will get the contract therefore as i am currently contracting with the client through an umbrella company, my question is that can i setup a ltd company once i know that the contract is in the bag for 6 months at least.
I was thinking, of getting the agency to not renew and re-sign the contract with my ltd company once that is set-up. I don't think the client will have any objections as they are happy with my work. Ideally i would like to have the contract reviewed for IR35 compliance and hopefully can get it signed off with the limited company.
So please help me with the following:
1) What is the best way of transferring the existing contract from umbrella to limited considering the contract is a rolling one with only two weeks extension during each roll.
2) I am basically, on my own so i cant have any secretary but the quoted article i found says that a secretary is no longer required.
3) I had to move back to parents house due to family issues, so can i use that as the registered address of the company?
Please, advice whether all this is possible, I am loosing quite a lot of money to the tax man due to being with umbrella therefore would like to become a bit more tax efficient.
Help please.
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