Hi all,
I am planning to start a "trading" company - ie I plan to sell software I write from company website. Now, I dont need office to develop software so my bedroom is the most perfect place for (at this stage). So some questions:
1. What are the implications of registering LTD at your home address (I co-rent private house with my friend)?
2. Also, tenancy contract is typical - no running business, now I wonder whats the best way to tackle it.
3. How would being Director of your own co affect your car insurance - particularly with irregular (very rare) visits to clients side to upsell consultancy related to software sale. Ok, I know it will go up, but by how much - 100%???
4. Since the company is going to earn money from sales of software to mulptiple companies, would that 100% cover me from IR35?
5. Again, since I plan to earn money mainly from trading activity would I have issue with IR by paying myself lots of dividends with salary being just below 40% threshold?
I am planning to start a "trading" company - ie I plan to sell software I write from company website. Now, I dont need office to develop software so my bedroom is the most perfect place for (at this stage). So some questions:
1. What are the implications of registering LTD at your home address (I co-rent private house with my friend)?
2. Also, tenancy contract is typical - no running business, now I wonder whats the best way to tackle it.
3. How would being Director of your own co affect your car insurance - particularly with irregular (very rare) visits to clients side to upsell consultancy related to software sale. Ok, I know it will go up, but by how much - 100%???
4. Since the company is going to earn money from sales of software to mulptiple companies, would that 100% cover me from IR35?
5. Again, since I plan to earn money mainly from trading activity would I have issue with IR by paying myself lots of dividends with salary being just below 40% threshold?
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