Setting up a business

[MolviCorleone]

Alright, i know I can read this on a lot of websites (already have) but how does one begin the process of starting up a limited company.

Has anyone got experience?
How long does it take?

Id like to hear from someone whos already done it before. What things should one look out for?

[s11nyk]

Alright, i know I can read this on a lot of websites (already have) but how does one begin the process of starting up a limited company.

Has anyone got experience?
How long does it take?

Id like to hear from someone whos already done it before. What things should one look out for?


you can buy one of the shelf or creat one from scrath....Companies House would be the 1st point of call to register our proposed name.

[notoriou$punjabi]

Hard work, vision and an idea is all you need...

n as you must already know you need money to make money

[MolviCorleone]

lol, i was asking more about the legal side, like registering for VAT, filling in all those forms etc.

There are websites like
http://www.samedaycompany.co.uk/

Would i be better off doing it all myself or going through an agent? If anyone here is from UK and has a limited company itd be cool if they could give me some advice on this.

[MolviCorleone]

Hard work, vision and an idea is all you need...

n as you must already know you need money to make money

Thats what the local butchers had, but they still got shut down for not having a trading license. lol......freshies

[mr ajnabi]

Alright, i know I can read this on a lot of websites (already have) but how does one begin the process of starting up a limited company.

Has anyone got experience?
How long does it take?

Id like to hear from someone whos already done it before. What things should one look out for?

Just a ebay seller so far. :p

[MolviCorleone]

Just a ebay seller so far. :p

Im talking about being proper VAT registered and all that, there are a lot of advantages.


You declare all your ebay income and what you sell?

[*ShAwTy_FrOm_Bd*]

You need to be a cupcake. <3

[mr ajnabi]

Im talking about being proper VAT registered and all that, there are a lot of advantages.


You declare all your ebay income and what you sell?

Theres Ebay listing fees and Paypal fees which work out at 15% in total for listings . damn but fees have to be paid.

[MolviCorleone]

Theres Ebay listing fees and Paypal fees which work out at 15% in total for listings . damn but fees have to be paid.

yeh i know that man lol.....but even ebay businesses gotta be proper registered, private members like me can only sell a few things here and there.

are you a serious seller, or like me sell the occasional thing which needs getting rid of

i should sell my used underpants

unwashed

if thats allowed

[Set]

By limited company you’re referring to an Cooperation Company, right? Anyways it depends on your country requirements and laws… what type of business are you planning on opening – selling product or service?

[notoriou$punjabi]

Thats what the local butchers had, but they still got shut down for not having a trading license. lol......freshies
Cash it is


n that insight was for something other than a 12*8m shop

[MENACINGSTRANGER]

Registering a Limited company is fairly easy and cheap to do. All you need to really do is appoint a director and secretary and give an address as your registered office. VAT registration is the tricky bit. You need a business account, proof of trading or intent to trade. VAT registration is only required if your turnover is over 60k, or unless you were going to do some dodgy shit.

[mr ajnabi]

yeh i know that man lol.....but even ebay businesses gotta be proper registered, private members like me can only sell a few things here and there.

are you a serious seller, or like me sell the occasional thing which needs getting rid of

i should sell my used underpants

unwashed

if thats allowed

I used to be the selkler who gets rid of home items . But now im a serious seller because i have sources . Im working on apple ipods at the moment.

check my e-bay id : cheap_goods_2006

[fazool]

lol, i was asking more about the legal side, like registering for VAT, filling in all those forms etc.

There are websites like
http://www.samedaycompany.co.uk/

Would i be better off doing it all myself or going through an agent? If anyone here is from UK and has a limited company itd be cool if they could give me some advice on this.



Haven't read all the posts, if I'm repeating anything apologies in advance.
I'm an accountant, however NOT a tax accountant. You need to get advice from a taxation accountant.

Ltd = Companies House
Self employed/taxation = Inland Revenue
VAT = Customs and Excise

why do you want to be registered for VAT. Being VAT registered means you'll just have to fill in extra paperwork and separately account for VAT i.e Extra cost. Unless there is a distinct advantage because of the type of business you are in. Although it also depends on your turnover there is a compulsory registeration where if your turnover is greater than £60/65K (or there abouts) you have to register.