Ltd Company formation (doing it yourself)

[neo_x]

Hi,

I am new here, and new to this limited company formation mumbo jumbo so would like a little help. I promise to be a regular contributor to this site and am not a hit and run kind of member and will pass on the good deed.

Currently with an umbrella (parasol).

I've used the quickformations.com website mentioned in the other thread and have setup my own company - just recieved the following documents in email :

IncorporationCertificate.pdf
Memorandum_of_Assocation.pdf
Articles_of_Assocation.pdf

Do I need anything more ?

So, what are the next steps e.g. business account, vat registeration etc. How do I leave parasol (e.g. can I even do this mid contract ?).

Cheers

[malvolio]

Get the Guide to Freelancing from www.pcg.org.uk (and seriously consider joining BTW) which will answer most questions. Basically you need the company, VAT registration, bank account and a competent IT-Freelancer-capable accountant (SJD, 1stAccountancy or the like). You would not go far wrong to have anti IR35-investigaion insurance (bundled wth PCG membership or from people like QDOS, but compare them carefully) and possibly PI at between £450 to £800 pa. Ferarri, Rolex, second houses and £3k laptop can wait a few weeks.

And don't forget the spurs and the cowboy hat...

[Bagpuss]

Malvolio, I am impressed, you used to be a bit rude to the newbies!

[malvolio]

Nah, they're too easy a target these days. I must be getting old...

[boredsenseless]

Get the Guide to Freelancing from www.pcg.org.uk (and seriously consider joining BTW) which will answer most questions. Basically you need the company, VAT registration, bank account and a competent IT-Freelancer-capable accountant (SJD, 1stAccountancy or the like). You would not go far wrong to have anti IR35-investigaion insurance (bundled wth PCG membership or from people like QDOS, but compare them carefully) and possibly PI at between £450 to £800 pa. Ferarri, Rolex, second houses and £3k laptop can wait a few weeks.

And don't forget the spurs and the cowboy hat...

In amongst all of that you also need employers liability insurance and third party public liability insurance. you can't legally trade in the UK without the public one and you can't employee people (including yourself without the employee one)

[malvolio]

True - my PI includes all three, so I tend to forget the distinction!

[Tex]

And don't forget the spurs and the cowboy hat...

Essential, pardner. Don't want any posse mistakin' yuh fur an Indian.

[malvolio]

I wasn't going to say that...

Whatever happened to subtlety and hidden meanings anyway?

[neo_x]

Thanks all who replied.

I will head on over to PCG and see what they have in store for me.

/giddyup

[marty_boy]

Quick Question

True - my PI includes all three, so I tend to forget the distinction!

Whats PI ?