Running a LTD?

[JoeTech]

Hello!! I have recently (today) set up a Private limited company by shares.

I have a few questions:


1. If I make 5,000 in 2015 how much tax would I have to pay?

2. Who can I actually offer shares to as it cannot be the general public?

3. How do you recommend I organize my records?

4. What is the best stationary for accounting (will be doing all the accounts myself)

 

[Scalloway]

1. £5,000 taxable profit will result in £1,000 of corporation tax

2. You could approach friends and family. I would recommend that they take independent financial advice and you have a shareholders' agreement in place.

3. Advice from UK gov here
https://www.gov.uk/running-a-limited-company/company-and-accounting-records

4. In this day and age I can only recommend accounting software.