Set up a company and be self-employed

[jeffuk]

I wanted to know if I can set up a LTD company and also be self-employed.

The company is for a side project and has nothing to do with what I do self-employed-wise. LTD won't be paying me a wage either, just dividends.

 

[paulears]

Yep - no issuesYou are you, and the Ltd company is a separate entity.

 

[jeffuk]

Yep - no issuesYou are you, and the Ltd company is a separate entity.

Thank you.

 

[studioJK]

Hi @jeffuk

One hot issue that you should consider is IR35, to ensure that you are paying the right amount of tax.

 

[Socio South West]

No issue doing this - but be pedantic that your recording and invoicing in and out clearly states which entity they refer to.
If you are unfortunate enough to get a tax investigation they will be looking for you diverting payments either way through the other entity as a potential tax dodge which would give your accountant a stack more work and cost you a lot more.

 

[sashabrown]

What is the process for any LTD company formation?

 

[Newchodge]

Log on to companies house, complete the form, send the money.

 

[sashabrown]

Log on to companies house, complete the form, send the money.

Thanks

 

[Newchodge]

Thanks

Or ask a formation company to do it for you. There should be a link at the top of the page.

 

[1st Formations]

What is the process for any LTD company formation?

Hi,

This is something that we can help with

If you are interested in our limited company formation services please send a private message and we'll be happy to help.

Best wishes,
Mathew - 1st Formations