James
Member
Registered: 1st Jun 02
Location: Surrey
User status: Offline
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Hellooooooooooo,
Only me 
I want to set up myself as a limited company as I want to do IT contracting throughout my final year and when I graduate but I don't know where to start.
I want to do it as cheaply as possible because I will only be doing a few short term contracts for my previous employer (Barclays)
I don't know where to start, I know you will probably all say Google  , but I know there are a few that have been in my position and I would appreciate any advice.
Thanks
James xxx
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Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
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go to an accountant and they will do it all for you. Should cost about £200ish.
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James
Member
Registered: 1st Jun 02
Location: Surrey
User status: Offline
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Cool, my uncle is an accountant
I might give him a call
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Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
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quote:
Originally posted by James
Cool, my uncle is an accountant
I might give him a call
even better then, as most of that £200 is their fee so he will beable to do it fairly cheap for you.
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James
Member
Registered: 1st Jun 02
Location: Surrey
User status: Offline
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Also what happens if im inactive for a while? For example if I dont have a contract for say 6 months, will anything happen?
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Steve
Premium Member
Registered: 30th Mar 02
Location: Worcestershire Drives: Defender
User status: Offline
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My ex uni mate used this website, got him some work for Capita
http://www.startin-it.co.uk/index/info.asp
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James
Member
Registered: 1st Jun 02
Location: Surrey
User status: Offline
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Fell for it, luckily im using C20XE.co.uk so it didnt log me out
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Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
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quote:
Originally posted by James
Also what happens if im inactive for a while? For example if I dont have a contract for say 6 months, will anything happen?
nothing, just make sure you submit your returns each year to them and it'll remain active.
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Melville
Member
Registered: 4th Jun 03
Location: Newcastle upon Tyne
User status: Offline
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http://www.stanleydavis.co.uk/
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James
Member
Registered: 1st Jun 02
Location: Surrey
User status: Offline
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Suggestions for a company name then
Two companies in the same field that I have ties with are called Gap Consulting and Gum Technology.
I like those names so something similar, preferably ending in either Consulting, Technology or Developments
Cheers
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drax
Member
Registered: 5th Feb 05
Location: Sittingbourne, Kent
User status: Offline
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I can find out a place for u later that sets everything up for you for £150 if you dont have any lck with ur uncle.
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Jodi_the_g
Member
Registered: 7th Aug 01
Location: Washington D.C
User status: Offline
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If there is only yourself James you are most likey better off not going limited and going Self Employed.
[Edited on 03-10-2006 by Jodi_the_g]
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3CorsaMeal
Member
Registered: 11th Apr 02
User status: Offline
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don't you need 2 people to be ltd?
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Melville
Member
Registered: 4th Jun 03
Location: Newcastle upon Tyne
User status: Offline
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Yeas but only one shareholder
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Dave A
USER UNDER INVESTIGATION - DO NOT TRADE
Registered: 10th Dec 03
Location: County Durham
User status: Offline
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quote:
Originally posted by Jodi_the_g
If there is only yourself James you are most likey better off not going limited and going Self Employed.
[Edited on 03-10-2006 by Jodi_the_g]
yes, sole trader is an easy way to set up and run in the short term. you can even pay tax using the normal PAYE route but I wouldnt reccomend it, far better off being self employed. I have been self employed for years, can claim tax rebates on so much you wouldnt have thought possible. u2u me if you need any SE advice
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