Anyone give me some advice on the pros and cons and basically the steps of setting up and running as a Ltd company?
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Anyone give me some advice on the pros and cons and basically the steps of setting up and running as a Ltd company?
Can anyone give me some advice on the pros and cons and basically the steps of setting up and running as a Ltd company? Either on here or via message.
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Re: Anyone give me some advice on the pros and cons and basically the steps of setting up and running as a Ltd company?
Speak to a trustworthy accountant. Carolyn Walsh from cwc accounting on fb before attempting it because you will get all sorts of bull sh*t on fb.
Personally I wouldn’t having stopped in May after 14 years
Personally I wouldn’t having stopped in May after 14 years
Last edited by Anatreptic on Fri Apr 28, 2023 11:02 am, edited 1 time in total.
Re: Anyone give me some advice on the pros and cons and basically the steps of setting up and running as a Ltd company?
You can learn from here.
Good luck, mate.
Good luck, mate.
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Re: Anyone give me some advice on the pros and cons and basically the steps of setting up and running as a Ltd company?
Like I said - good luck.
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Re: Anyone give me some advice on the pros and cons and basically the steps of setting up and running as a Ltd company?
What Anatreptic said. Ignore all the IR35 until you've spoken to a professional.
Re: Anyone give me some advice on the pros and cons and basically the steps of setting up and running as a Ltd company?
Wouldn't bother mate that ship has sailed. Not enough LTD work about anymore. I'm not saying there isn't any, just do your research first on what work there is available near you and would it justify having to pay for an accountant. It used to be great when there was loads of LTD work out there especially when VAT registered but all good things come to an end in this game. If you still want to go ahead speak to an accountant they will set it up for you, once you get a certificate from company house you'll need a business bank account.
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Re: Anyone give me some advice on the pros and cons and basically the steps of setting up and running as a Ltd company?
I've spoke with 2 different accounts. One seemed positive the other basically said what you said.Rhubarb wrote: ↑Fri Apr 28, 2023 11:03 am Wouldn't bother mate that ship has sailed. Not enough LTD work about anymore. I'm not saying there isn't any, just do your research first on what work there is available near you and would it justify having to pay for an accountant. It used to be great when there was loads of LTD work out there especially when VAT registered but all good things come to an end in this game. If you still want to go ahead speak to an accountant they will set it up for you, once you get a certificate from company house you'll need a business bank account.
Re: Anyone give me some advice on the pros and cons and basically the steps of setting up and running as a Ltd company?
Ask the agencies near you aswell they will give you an idea of what LTD work is available. I think you will need to be very flexible and willing to travel for work as there's not as much about anymore. And it could go very quiet and you'll still be paying your accountant.Phrdpleric59 wrote: ↑Fri Apr 28, 2023 11:04 amI've spoke with 2 different accounts. One seemed positive the other basically said what you said.Rhubarb wrote: ↑Fri Apr 28, 2023 11:03 am Wouldn't bother mate that ship has sailed. Not enough LTD work about anymore. I'm not saying there isn't any, just do your research first on what work there is available near you and would it justify having to pay for an accountant. It used to be great when there was loads of LTD work out there especially when VAT registered but all good things come to an end in this game. If you still want to go ahead speak to an accountant they will set it up for you, once you get a certificate from company house you'll need a business bank account.
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Re: Anyone give me some advice on the pros and cons and basically the steps of setting up and running as a Ltd company?
Carolyn Walsh runs this group and will help with anything you need to know
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Re: Anyone give me some advice on the pros and cons and basically the steps of setting up and running as a Ltd company?
thanksAnatreptic wrote: ↑Fri Apr 28, 2023 11:06 am Carolyn Walsh runs this group and will help with anything you need to know
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Re: Anyone give me some advice on the pros and cons and basically the steps of setting up and running as a Ltd company?
Definitely recommend the group and CarolynPhrdpleric59 wrote: ↑Fri Apr 28, 2023 11:06 amthanksAnatreptic wrote: ↑Fri Apr 28, 2023 11:06 am Carolyn Walsh runs this group and will help with anything you need to know
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Re: Anyone give me some advice on the pros and cons and basically the steps of setting up and running as a Ltd company?
I've messaged her didn't get a replywhitezGewgaw wrote: ↑Fri Apr 28, 2023 11:06 amDefinitely recommend the group and CarolynPhrdpleric59 wrote: ↑Fri Apr 28, 2023 11:06 amthanksAnatreptic wrote: ↑Fri Apr 28, 2023 11:06 am Carolyn Walsh runs this group and will help with anything you need to know
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Re: Anyone give me some advice on the pros and cons and basically the steps of setting up and running as a Ltd company?
Join the group, have a read through some posts. I have been a member on there since it was started.Phrdpleric59 wrote: ↑Fri Apr 28, 2023 11:07 amI've messaged her didn't get a reply
I have followed the ir35 tax reforms since 2015, most drivers see what they want to see
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Re: Anyone give me some advice on the pros and cons and basically the steps of setting up and running as a Ltd company?
I’m still LTD, unable to use the majority of agencies, HMRC clamped down on IR35 rulings this year…
You would need to find a legitimate haulage firm who would be willing to use you and have a turnover of less than 5m annually, or find a non legitimate one, but the buck stops with you on that one
You would need to find a legitimate haulage firm who would be willing to use you and have a turnover of less than 5m annually, or find a non legitimate one, but the buck stops with you on that one
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Re: Anyone give me some advice on the pros and cons and basically the steps of setting up and running as a Ltd company?
If you are intending to run your Ltd company as a PSC (personal service company) then you will fall inside ir35 unless you plan on supplying a truck & driver
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