What is needed to set up Ltd Company

[dave_m13]

Hi All

I have decided it is time to set up my own Ltd company for trading as an IT consultant. What is required, I have been reading a lot recently on here and other places.
Obviously, Director, Secretary and shareholder etc.

Can anyone recommend any of the company formation companies, rather not use my accountant as I believe they are to expensive and they are not located anywhere near me, may have to change.

I currently have public and private insurance for myself being self employed. Will I have to take out more insurance for the Ltd company.

Anything else I need to set it up, thanks for your advise.

Cheers
Dave

[BrowneIssue]

On. The. Right. Hand. Side. Is. A. Box. Entitled. CUK Navigation.

It. Has. "Company Formation".

It. Has. "First Timers".

It. Has. "Insurance".

Have. You. Read. Them?

[dave_m13]

Yes I have, is the company formation from this site any good compared to others that I have seen on the internet, lots of different prices etc.

I am not a first timer to contracting, being self employed for a few years and couple of contracts. However am new to looking at Ltd company, Umbrella for me does not work out very cost effective for a contract that is coming up.

I already have public and private indemity insurance whilst I am self employed but is there any other insurances required for Ltd, do I have to have employers insurance as well as it is a ltd company. I am trying to find out whether the insurance I have at the moment is transferable to a ltd company.

Thanks

On. The. Right. Hand. Side. Is. A. Box. Entitled. CUK Navigation.

It. Has. "Company Formation".

It. Has. "First Timers".

It. Has. "Insurance".

Have. You. Read. Them?

[BigJake]

Trust

You can pick one up on the web for around £30, with documentation emailed to you. Trouble is, if you need a bit more 'support' and not feel like you're imposing by asking further questions, you typically would be looking at a service like that on CUK. Also, you know loads of other contractors have used the service which is comforting

I've used 'Duport' as well as the CUK service, both very good IMO.

[oraclesmith]

I believe you need employers insurance too. I used Caunce O'Hara.

I used a company called Hanover to form my limited. http://www.hanovercompanyservices.com/

They did an OK job on the initial paperwork and it only cost about £80 - it's all standard stuff really. I didn't want to get too involved with any other services (eg. secretarial) so I left it at that. Job done.

[TheRefactornator]

I believe you need employers insurance too. I used Caunce O'Hara..

Employers liability? Not required for a one-man-band Ltd co.

[pmeswani]

Employers liability? Not required for a one-man-band Ltd co.

Well... one may want to sue oneself for employer related libabilities.

[Ardesco]

Also some clients/agents will insist on you having employers liability insurance before giving you a contract.

[Ardesco]

Also I believe that Nixon Williams will set up you LTD co for you free of charge if you use them, wouldn't surprise me is SJD and the other big contractor accountancies do the same.

(I may be wrong of course as I personally don't use them, a quick phone call should give you all the answers)

[iaann]

Ok,
But what happen after? I mean if you don't want to use an Umbrella, you have to manage your own taxes, fees, etc etc.. I'll need a degree to do that ! :d