managed limited company managed limited company
Page 1 of 2 12 LastLast
Posts 1 to 10 of 17
  1. #1

    Buckstewerbuck

    Guest

    Default managed limited company

    is this different from your normal Ltd Company or just a fancy name??

  2. #2

    planetit

    Guest

    Default

    It's different.

    Normally, the contractor owns the Ltd company (via the shares), and is also the director. So he manages the company (possibly with the help of an accountant). With a managed Ltd company someone else manages the company. You still own the shares (at least some of them) so you get dividends just as you would with your own Ltd.

    These things are sold as having the advantage of dividends, but without the hassle of running a company. Of course you pay for this service. The reality is that running your own company is not that complicated with the help of a good accountant.

  3. #3

    rebeccaloos

    Guest

    Default

    Planetit has very well summarised it - that's what I do. It is technically my company but I pay someone to run it.

  4. #4

    Buckstewerbuck

    Guest

    Default

    so if your outside IR35 then its a good idea....but if your caught, you might as well go umbrella??

    is that right?

  5. #5

    planetit

    Guest

    Default

    I suppose if you are outside IR35 it’s an option. However, two obvious points: -

    You would have to trust the management company to allow then to control all your money. Or have some pretty good protection in place if things go wrong.

    On the basis that you don’t get something for nothing, it’s going to cost you more than running the company yourself.

    P.S. These are just my thoughts, since I've never used one of these companies.

  6. #6

    Buckstewerbuck

    Guest

    Default

    maybe someone could make a post of prices charged by companies in rekation to Ltd company, managed, umbrella etc....

    one definitive list!!

    any takers?

  7. #7

    rebeccaloos

    Guest

    Default

    my managed ltd co provider charges £35 a week for the service

  8. #8

    fiddleabout

    Guest

    Default

    Jesus H Christ - that's daylight robbery !!!

    Aren't you allowed to setup a UK Ltd. or something Becs?

  9. #9

    Robot

    Guest

    Default

    maybe someone could make a post of prices charged by companies in rekation to Ltd company, managed, umbrella etc....

    one definitive list!!

    And what exactly would one gain from this? Price is not everything, you need to look at the over all service provided.

    Why do you think there are price differences in the first place?

  10. #10

    rebeccaloos

    Guest

    Default

    I would be allowed, Fiddle, there's no question - but these people are quite good, especially at minimising my, err, tax liabilities, as was discussed on numerous threads in the past few weeks/months

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •