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ceres · 24 Oct 2006, 13:58

Setting up the .ltd company is definately the way to go, split the shares between yourself and some close(trusted) friends/family members who will let you draw down dividends in their name which will save you a small fortune in taxation.

Whilst setting up a company is just a case of filling in a few forms farming this work out is recommended, most accountants will take on the role of company secretary for around ?250-400 per year.

Company accounts can be produced for around ?500-750 (keep all your invoices and receipts organised to keep the cost down)

If you have any other questions feel free to fire away, i've been involved with a number of company's at boardroom level so might be able to give you some pointers.
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Avandia heart attack

24 Oct 2006, 13:58	#11
ceres Registered User Join Date: Jan 2005 Posts: 278	Re: IT Contracting Setting up the .ltd company is definately the way to go, split the shares between yourself and some close(trusted) friends/family members who will let you draw down dividends in their name which will save you a small fortune in taxation. Whilst setting up a company is just a case of filling in a few forms farming this work out is recommended, most accountants will take on the role of company secretary for around ?250-400 per year. Company accounts can be produced for around ?500-750 (keep all your invoices and receipts organised to keep the cost down) If you have any other questions feel free to fire away, i've been involved with a number of company's at boardroom level so might be able to give you some pointers. ________ Avandia heart attack Last edited by ceres; 31 Aug 2011 at 07:11.