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Previously on "currently with umbrella think i need to go ltd but exactly how"

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  • Alan @ BroomeAffinity
    replied
    Nothing to complicated here. Get your accountant to set up the ltd co with a bank a/c and VAT registration. We do this for free as do a lot of others.

    Then make sure the service you want is the same as the service as the accountant is offering and that you are comfortable with the way they communicate etc.

    Get your insurance (£2mil is pretty standard - I think) and then you are good to go.

    Leave a comment:


  • Waldorf
    replied
    I set up with nixon williams just over a year ago and it has been fine, they are really helpful and don't seem to get sick of stupid questions.

    Take a look here http://www.nixonwilliams.com

    Leave a comment:


  • NotAllThere
    replied
    I'd like to point out that £2'000'000 Professonal Indemnity insurance on a contract that's worth £26'000 seems a little excessive.

    What's the chances that you would ever be in a position to cause £2'000'000 worth of damage?

    With a company income of £1000 a week, a personal net income, from dividends and salary, or even just salary, of £2000 a month is very easy to achieve.

    Leave a comment:


  • TheRefactornator
    replied
    There's not much to say except that if you have decided that ltd co is right for you, then get a ltd company setup and also get a decent accountant to keep it straight for you.

    There are some accounting firms that take care of the ltd co setup for you as part of their new company setup service.

    Personally I run as ltd co but unfortunately have an expensive sausage factory for an accountant so I'm planning to give them the boot soon

    Leave a comment:


  • currently with umbrella think i need to go ltd but exactly how

    currently with umbrella think i need to go ltd but exactly how
    have read through a lot of posts
    based in teesside and earn 200 ish a day
    and have another 6 month contract coming up
    so is there a good account to go with and i need 2 mill insurance as well for my job in casei make a fu** up
    anyway sorry if it makes me look thick but like to go forward
    if it help as well i need as least 2 K in my hand a month to run house car etc etc
    hope you can help me guys
    thanks
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