Limited company formation: why pay accountant to do this?

WHA

DropDebtFred wrote: »

Can you recommend one of these firms? I need to sort out my situation. I think I have been burnt by trusting Brookson to handle the changover from composite to limited company. They've set up the company, but still no bank account, apparently due to the amount of openings they need to make (why leave all this to the end of the year?). Anyway, i'm a bit fed up with them, so I could do with a recommendation if that's possible?

I'll send you a private message with a handful of potentials...

DropDebtFred

WHA wrote: »

I'll send you a private message with a handful of potentials...

If I want to set up my ltd company, do I need a company secretary, and if so, how can I choose one?

olly300

DropDebtFred wrote: »

If I want to set up my ltd company, do I need a company secretary, and if so, how can I choose one?

Yes.

Most people chose a parent or a spouse. Having a spouse can cause trouble if you get divorced.

Alternatively you can find companies/people who you can pay about £120 a year to be a company secretary for you.

Company Secretaries are due to be abolished for small companies sometime early next year. (Can't remember the exact date as the government changed it.)

les64

Just discovered this particular forum. We set up a ltd company a few years back and used an online company called Jordans who charged approx £200 for everything, the formation, the articles of associattion, the seal etc etc. website is http://www.jordans.co.uk/

les

Tiggs_2

danwednesday wrote: »

I have had a quotation from an accountant of £500-700 to set this up, plus £750 per year to do my accounts and tax return.

Why does the accountant need to charge up to £700 for this?

I'm currently a sole trader, and although a pain in the !!!!, I manage to file my own tax returns each year without paying a penny.

The first part of your question - you dont pay an accountant £700 to form a LTD co - far too expensive.

The second part - you pay an accountant to do your return because, as you say, its a pain in the butt.

Mowing lawns and cleaning windows is also a pain which is why we have gardeners and window cleaners.

thunderpants_2

i've just signed up with an accountancy firm specialising in contractors that was recommended to me by other contractors on a contracting forum, have you had a look at these? i'm paying £60 a month all in with NO setup fees.