Advice on setting up a Company, please

[aazak]

I'm looking at setting up a Limited Company in the Northern Ireland to start selling online into the UK. I have never set up a company before and I am not a UK resident so I would appreciate any and all advice. Does anyone have any experience in this? I know I could do it cheaper in England but I have a reason for choosing NI - this is how I am thinking of doing it:

£50 incl vat / year for a Belfast registered address from: https://www.mbe.co.uk/belfast/business/registered-office

£49.99 plus vat to register the company, register for vat (which I need), register for paye (which I don't need) and do the confirmation statement and other things from: https://www.rapidformations.co.uk/compare-packages/#limited-by-shares

 

[Kurt.]

How much for the pair ?

 

[larbert toffee]

Make sure you set up a Bad Company, it never did Paul Rogers any harm....

 

[The old lady]

Just flog your crap on ebay

 

[Seathestars]

Not a UK resident? I voted Brexit to put an end to all this.

Not sure how you do it but good luck mate.

 

[Rudolf Hucker]

Why don’t you need PAYE? Ltd Co isn’t the same as being self employed. As a director, you are an employee of the company. And you have to pay yourself a salary (ideally minimum & pay the rest in dividends, bonus & pensions).

We just paid an accountant to do it.

 

[GrandOldTeam]

I'm looking at setting up a Limited Company in the Northern Ireland to start selling online into the UK. I have never set up a company before and I am not a UK resident so I would appreciate any and all advice. Does anyone have any experience in this? I know I could do it cheaper in England but I have a reason for choosing NI - this is how I am thinking of doing it:

£50 incl vat / year for a Belfast registered address from: https://www.mbe.co.uk/belfast/business/registered-office

£49.99 plus vat to register the company, register for vat (which I need), register for paye (which I don't need) and do the confirmation statement and other things from: https://www.rapidformations.co.uk/compare-packages/#limited-by-shares

Get an accountant mate.

@hibbo'sclass

 

[Tubey]

Get a good accountant mate.

@hibbo'sclass

Fixed

 

[aazak]

Why don’t you need PAYE? Ltd Co isn’t the same as being self employed. As a director, you are an employee of the company. And you have to pay yourself a salary (ideally minimum & pay the rest in dividends, bonus & pensions).

We just paid an accountant to do it.

Get an accountant mate.

@hibbo'sclass

Not sure if I can pay myself as an employee if I'm not living there? You're both right that I should get an accountant, but as there are 0 sales and 0 profit yet I'm trying to do everything as cheap as possible for now.

 

[Kurt.]

Not sure if I can pay myself as an employee if I'm not living there? You're both right that I should get an accountant, but as there are 0 sales and 0 profit yet I'm trying to do everything as cheap as possible for now.

What is your product ?

 

[blue61]

What is your product ?

Novichock

 

[Steve0]

Not sure if I can pay myself as an employee if I'm not living there? You're both right that I should get an accountant, but as there are 0 sales and 0 profit yet I'm trying to do everything as cheap as possible for now.

You can get an accountant but literally everything you need to know is available online.

 

[Seathestars]

Novichock

Our secret Russian master has gallons of it in his shed.

 

[aazak]

What is your product ?

Printed Stationery.

How much for the pair ?

If I understand it correctly £110 incl vat should have the company set up and a legal registered address for a year.

 

[aazak]

You can get an accountant but literally everything you need to know is available online.

Any helpful links would be appreciated.