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Setting up limited company advice
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YoungBusinessman wrote: »Cheers guys. Will be waiting until iv got a mortgage in place and in my own house with savings behind me then i will reassess and most likely set up. Its for high income and being paid dividends. Can i set up as a limited company and only put through earnings from outside a regular job,where i am paid net wages,not gross.
A private limited company that you incorporated and of which you were a sole director is still completely distinct from you.
Your earnings from a regular job - one where an employer (not the private limited company) pays you a wage/salary and deducts tax and NI - would not go through the company. What goes through the company is what is earned by the company - though that can be selling your services for which it invoices clients.0
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