Hi Everyone
I'm a first time contractor and need some advice.
I've just secured a very attractive long term contract with an established company and I've been told to setup a limited company for payment.
The problem is that I'm one of the people you've been reading about who've been cracked by the credit crunch (I only have myself to blame ). I have the following issues:
1. I am on a debt management plan.
2. I have one CCJ (£2300).
3. As a result of the CCJ, the organisation involved is trying to place a charge order on my property (I am defending the action).
I have an accountant appointed, and now I have to setup the company. My fear is that I won't be able to open a bank account for the new company which, of course, is ironic because I'll be able to clear all my debts in 2-3 months if I do.
I've seen online that you buy a company with a bank account included for about £300 but I'm not sure if these schemes are 'too good to be true'.
Can anyone advise on how I can move forward with this situation? Maybe I'm being too fearful?
I'm a first time contractor and need some advice.
I've just secured a very attractive long term contract with an established company and I've been told to setup a limited company for payment.
The problem is that I'm one of the people you've been reading about who've been cracked by the credit crunch (I only have myself to blame ). I have the following issues:
1. I am on a debt management plan.
2. I have one CCJ (£2300).
3. As a result of the CCJ, the organisation involved is trying to place a charge order on my property (I am defending the action).
I have an accountant appointed, and now I have to setup the company. My fear is that I won't be able to open a bank account for the new company which, of course, is ironic because I'll be able to clear all my debts in 2-3 months if I do.
I've seen online that you buy a company with a bank account included for about £300 but I'm not sure if these schemes are 'too good to be true'.
Can anyone advise on how I can move forward with this situation? Maybe I'm being too fearful?
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