Originally posted by Gros
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Just pay an accountant to do it. Much easier. Will cost you about £100 and be done in a couple of days. -
You can do it online or you can get an accountant to do it for you or do it via the PCG since you are going to join them anyway - unless your a brain dead imbecile of course.
Normally takes 20 mins to do online and a week for the paperwork to come through.
VAT registration takes longer and is a bit of a lottery based on where in the country you are."Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.Comment
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I won't have an accountant for sometime yet, I just want the company setup so that my partner has something to bill against. I will be starting properly in March, so will appoint an accountant then.
Sounds pretty simple to do myself online - just got to think of a name, which is proving to be the most difficult thing!Comment
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I recommend getting an accountant before setting up the company. You only need to pay them for their services rendered, you don't pay a retainer.Originally posted by Gros
Remember that once your company is set up, even if it's not earning anything at all, there will be accounts to do. Some of the stuff you fill in has to be completed even if you just write £0.00 in all the boxes.Comment
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and a word to the wise... setting up a company is v. easy and quick. setting up a company bank account is not - it will take anything from 4 weeks to 2 months. You will not be able to get paid until it is set up. This will muck up your cashflow.Originally posted by Gros
Therefore, spend little time worrying about your company name, spend more time sorting out the bank account application and chasing them up to make sure they do all the credit checking pdq.Comment
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Yeah, but surely I'll need the company name to start the bank account!Originally posted by XLMonkeyComment
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Of course, but most people spend ages trying to come up with the "perfect" name for theirco and then find at the last minute that they have wasted the 2 months that they really should have used doing other, more productive things....like opening a bank account quick so that they could get paidOriginally posted by Gros
I should know, I've been there.
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I'm starting to wonder whether I'm intelligent enough to run my own company...
Is it just me, or is the Companies House website a minefield?? I can't actually work out how to file my company online. I've read and re-read all these faq pages, looked at the electronic filing pages, and just seem to be going round in circles. The one time I find somewhere where I can register for an account, it asks for my company details :-/
Anyone know?!Comment
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It's been said before, but I'll say it again - get an accountant to do it for you. I have no experience of registering / setting up a company, sorting out memoranda of association etc. etc. so that's what I pay a professional to do!
I would hold off on the VAT registration (if you can) unless you are billing lots or have expenses at the moment. During your first year of VAT registration, if you are on the flat rate scheme, you get an extra 1% discount, but it's only in that first year of VAT registration.
You'll also need a certified copy (or original) certificate of incorporation to get the bank account.
FaqqerComment
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I have used this company to setup a couple of Ltd companies and have had no probs with them. All straightforward, cheap enough and can print forms off online etc....
http://www.formationshouse.com/company_formation.htm
I'm lucky in the fact that my gf is a chartered accountant, which helps!
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