[bobplum]

besides hydro clean in birmingham who i have yet to call(will try and do it this saturday) about this as any one else got experience of going from sole trader to ltd,is it worth it does it give more benefits
Its something i may do next year
and as always thanks for all your replies

[bobplum]

someone must have done it
all the money you guys make

[Smudger]

Hi Bob we were going down this route but the accountant adised us to stay sole trader/partnership

no real benefits from going Ltd -  money to set it all up - different tax set-up etc..

sorry thats the best i can do

Darran

[richywilts]

bob if ur system aint broke why fix it

think with your set up etc i wouldnt bother changing things unless ur gna buy my rounds off me 

[Dean Taberner]

We have done it,

Both myself and my wife are directors in the ltd company.

It benefits us.

Dean.

[CLAPHAM]

Hi
What are the benefits of Ltd?

I always thought Ltd was a way of limiting risks.
Window Cleaning isn't high risk.

[Dean Taberner]

I will tell you tomorrow.

I've just got into bed and I'm ready for a good kip.

Dean.

[Dean Taberner]

I will tell you tomorrow.

I've just got into bed and I'm ready for a good kip.

Dean.

I still can't be bothered to go into it but I'm off tomorrow so ill write a post about it in the morning at some point.

Dean.

[Perfect Windows]

besides hydro clean in birmingham who i have yet to call(will try and do it this saturday) about this as any one else got experience of going from sole trader to ltd,is it worth it does it give more benefits
Its something i may do next year
and as always thanks for all your replies

If you're married or cohabiting and your other half doesn't work (or doesn't use her full tax free allowance), it's worth its weight in gold if she works in the business with you, as you can both use your tax free allowances.

It also gives you NI benefits which more than outweigh the costs in my case

Some customers will think you're more established.

Vin

That's it for now.

[formb]

Ask your accountant.

If you have not got an accountant, get one, then ask your accountant.

It's a complicated old business, you are probably best not to get tax advice from window cleaners.

Ask your accountant.

[concept]

Ask your accountant.

If you have not got an accountant, get one, then ask your accountant.

It's a complicated old business, you are probably best not to get tax advice from window cleaners.

Ask your accountant.

Absolutely!

[Ian101]

Limited process straight foward and for small companies no need for auditing so in theory u can do it without accountant.

I'm nearly 3 years in and not ready for LTD yet but in another 3 years hopefully will be doing as more tax advantageous EG pay yourself as director same as ur PAYE tax free allowance then give yourself dividends and interest free loans.

This is just the broad brushstokes prob not as clear cut but thats what Ive discivered within 5 minutes of some quick research obviously seek expert advice.

[trevor povey]

at the end of the day you will become an unpaid tax collector ..keep things smaller and manageable.

[Dave Willis]

at the end of the day you will become an unpaid tax collector ..keep things smaller and manageable.

Why?
Can you not be limited and non vat paying?

[Ian101]

at the end of the day you will become an unpaid tax collector ..keep things smaller and manageable.

Why?
Can you not be limited and non vat paying?

yes no need to be vat registered

[bobplum]

It also gives you NI benefits which more than outweigh the costs in my case


this is one area i feel it is of great benefit,especially for sickness and retirement

[Small but perfectley formed]

David salkeld is the person to ask he is a small business and became Ltd he comes on this forum.
Iam sure he says he wish he had not gone ltd.