Tag Archives: limited company

How do I take cash out of my limited company?

You’ve got your new company up and running and you’ve started trading, but how do you take cash out of your limited company?   The golden rule to remember is that the company is not yours, it’s a separate legal entity to you, and you are effectively an employee, as a director. Equally if you’re […]

Do I need a limited company?

limited companies

Your mate Tom down the pub said you need a limited company, and it’s got you thinking. Do you need a limited company?   Well it’s a loaded question, as there is so much to think about. You need advice from your accountant tailored specifically to you, but let’s go through the basics, which will […]

what are my responsibilities as a company director

tax insurance

You have made the leap to set up your limited company! How exciting! The day you receive your incorporation certificate is a pivotal moment! But what do you have to do now? What are you responsible for, and when? This isn’t something to be taken lightly, as you have legal responsibilities now as a director. Your […]

Implications of setting up a second company

You already have one limited company that you’re the director and shareholder for. But what are the implications of setting up a second company? There is a lot to think about, so let’s break it down into manageable chunks: Record Keeping Each company should have completely separate bank accounts, customers, suppliers and record keeping. If […]