Freelancers: Sole or Ltd?
Freelancers: Sole or Ltd?
Out of context: Reply #9
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- microkorg0
With LTD you can't get your personal assets taken as payment if the company goes tits up or someone sues the company.
One of the drawbacks of going LTD is that you have to record things like board meeting minutes and jump few a few more hoops like that.
A good accountant will probably have templates etc for you just to batter out.
Thoroughly recommend using FreeAgent.
Used it since we set up a company 6 years ago.I think that the VAT is 60k before you can register.