Setting up a limited company as a tradesperson
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Setting up a limited (Ltd) company is a big step that can help you grow as a business. There’s lots of paperwork, but lots of protection too...
虽然许多商人很乐意做独家贸易商，但对一些人来说，成立有限公司是一个很好的选择，以确保他们的业务未来的增长。
What are the benefits of setting up a Ltd company?
- To many people, a limited company looks more professional than other structures. You get to call yourself a director, have a registered office and over time can build up a solid reputation for your business.
- A Ltd company is totally separate from you and your finances. So, if the company goes bust, you’re not held personally responsible for any debts.
- It’s easier to pay salaries as a Ltd company, and you can create your own Pay As You Earn (PAYE) tax scheme.
- As a director, there are tax benefits too. By using a combination of PAYE and dividends, you’ll typically pay less tax than you would be paying in income tax as a sole trader.
- If you ever want to sell your business, it’s a lot easier as a Ltd company.
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Considerations before setting up a Ltd company
- There’s lots of paperwork to complete, file and manage, and as a director, it’s your legal duty. It can be a big responsibility and HMRC won’t accept any excuses!
- You’ll need to complete annual accounts, keep all receipts for up to seven years and keep HMRC up-to-date on all aspects of your business.
- As a director, your information is publicly available fromCompanies House.
- Business admin costs can quickly add up. You’ll probably look to appoint an accountant to manage your taxes. You may also want to employ a bookkeeper to keep everything ticking over.
Registering your Ltd company
If you’ve searched online, you’ll already know that there are loads of sites that offer to help you set up as a Ltd company.
如果你知道自己在做什么，你可以花12英镑注册一家有限公司。或者你可以使用公司成立代理来帮助你。
A company formation agent will charge around £100 for the service but will provide simple and straightforward guidance for completing all forms.
单干可能很诱人，但如果你是第一次成立有限公司，我们建议你在开始前找一个值得信赖的会计师一起工作。他们可以帮助确保你在经营公司时有一个最好的开始。向你信任的人寻求建议和建议。
A good accountant can also give advice about your personal tax situation, including helping you register forself-assessment tax.
