- Original Poster
- #1
Following on from my partnership or limited company thread, the decision has been made to form a limited company; So now the question is what is the most appropriate way to register a new private limited company?
I am aware that an accountant can register a company for us however after a few phone calls I have been quoted hundreds of pounds and a protracted, unacceptable to me, time scale of weeks to complete with, as far as I can see, very little extra value being added. Am I missing something?
I have seen advertised internet services for what appears to me to be more reasonable pricing for what appears to be a much speedier service, dome saying same day registration and also include so called free small business bank accounts quoting anything from 25 to 90 pounds.
I am looking for opinions as to the best way to get up.snd running quickly, we have clients and money waiting to be paid to us.
Also if there are any recommendations as to good bank accounts and accountants to consider although I'll start separate thread on those
Some background detail that may or may not be relevant. Feel free to skip
I am working on defining a shareholders agreement between my son and I. We have agreed a 51 to 49 percent split in my favour and we have very distinct rolls and total autonomy in our very specialist areas so defining what would happen if there is an irretrievable split is quite simple. It's almost as if we have 3 distinct businesses. One to manage internet services, software development, website hosting etc... (me), The second to manage, hardware repair, data coverage, computer sales etc...(my son) and the third to handle the Data Centre which is where the other 2 areas merge as the data repair side will offer data backup and safe storage for customers that have had a Hard drive failure/recovery or other data loss, virus etc... as a service to the repair/revovery centre and the software, hosting side will be offering collaboration and document backup services to corporate, charitable and private customers alike that will need the Data Center services so it is the Data Center side of things that roles and responsibilities are really shared.
So in the unfortunate and inevitable event that the partnership will split as I will inevitably retire some time in the not too distant future my son will take over the lot and I will retain a smaller shareholding as a retirement income for my wife and I. This is my legacy to my family really as I am sure that my son would not only look after his mum but also his sister.
So that's probably too much info but it is a background that might help in answering the question.
I am aware that an accountant can register a company for us however after a few phone calls I have been quoted hundreds of pounds and a protracted, unacceptable to me, time scale of weeks to complete with, as far as I can see, very little extra value being added. Am I missing something?
I have seen advertised internet services for what appears to me to be more reasonable pricing for what appears to be a much speedier service, dome saying same day registration and also include so called free small business bank accounts quoting anything from 25 to 90 pounds.
I am looking for opinions as to the best way to get up.snd running quickly, we have clients and money waiting to be paid to us.
Also if there are any recommendations as to good bank accounts and accountants to consider although I'll start separate thread on those
Some background detail that may or may not be relevant. Feel free to skip
I am working on defining a shareholders agreement between my son and I. We have agreed a 51 to 49 percent split in my favour and we have very distinct rolls and total autonomy in our very specialist areas so defining what would happen if there is an irretrievable split is quite simple. It's almost as if we have 3 distinct businesses. One to manage internet services, software development, website hosting etc... (me), The second to manage, hardware repair, data coverage, computer sales etc...(my son) and the third to handle the Data Centre which is where the other 2 areas merge as the data repair side will offer data backup and safe storage for customers that have had a Hard drive failure/recovery or other data loss, virus etc... as a service to the repair/revovery centre and the software, hosting side will be offering collaboration and document backup services to corporate, charitable and private customers alike that will need the Data Center services so it is the Data Center side of things that roles and responsibilities are really shared.
So in the unfortunate and inevitable event that the partnership will split as I will inevitably retire some time in the not too distant future my son will take over the lot and I will retain a smaller shareholding as a retirement income for my wife and I. This is my legacy to my family really as I am sure that my son would not only look after his mum but also his sister.
So that's probably too much info but it is a background that might help in answering the question.
