Starting up a limited company

[Cash is King]

The gov web site charge £50 to set one up. Bit steep ant it? Any where ells I can get for less please?

Apparantlly you can set it up then make it dormant until you need it again

 

[DWS]

The gov web site charge £50 to set one up. Bit steep ant it? Any where ells I can get for less please?

Apparantlly you can set it up then make it dormant until you need it again

Will be £100 next year and £50 for the confirmation statement so I would get it done before then.
I don’t think £50 is expensive to set up a Ltd Company

 

[DontAsk]

Are you wanting to pay cash?

 

[fisicx]

Apparantlly you can set it up then make it dormant until you need it again

But you still need to provide a confirmation statement to CH each year and your duties as a director don’t change just because it’s dormant.

 

[ThatDevAaron]

a few years ago, I managed to use Tide to create my companies for FREE and get my free bank accounts, I knew that they would stop it/increase prices.

I recommend paying now, before its more.

Some countries have crazy fees for companies, and I see the UK following suit, especially with the whole director ID shit

 

[DontAsk]

especially with the whole director ID shit

Why is it ****?

It's a good thing that CH are cracking down and it needs to be paid for.

 

[ThatDevAaron]

THANK ME LATER:​

Company Registration | Company Formation only £14.99 | Tide Business

Set up a limited company in minutes for only £14.99. Get your certificate of incorporation within 1 business day AND a free business bank account.

www.tide.co

 

[fisicx]

Except @Cash is King is cash only. Tide don’t do cash, it’s online only. Still costs £50, tide just absorb the cost.

 

[Porky]

1. Absolutely zero.point in creating a limited company to sit dormant - register it when you are trading under it.

2. By NOT registering the limited company Every year it would have been dormant you would saving the filing fees and admin time !

 

[Mark T Jones]

Bets on how many posts before this becomes a confection of conjecture, contradiction & conspiracy?

 

[Cash is King]

Will be £100 next year and £50 for the confirmation statement so I would get it done before then.
I don’t think £50 is expensive to set up a Ltd Company

it was not long ago it was £25. they seam to be stealing money at ever bent opotunity

 

[Cash is King]

a few years ago, I managed to use Tide to create my companies for FREE and get my free bank accounts, I knew that they would stop it/increase prices.

I dont like things that are free! because there is no such thing as a free lunch. But in situations like this it useully involves selling your sovereignty to Saitine dressed up as the wolf in the sheep skin coat (Trader 212 brings back memoires)

Some countries have crazy fees for companies, and I see the UK following suit, especially with the whole director ID shit

Tell me a bit more about the directors ID thing please?

 

[Cash is King]

THANK ME LATER:​

Company Registration | Company Formation only £14.99 | Tide Business

Set up a limited company in minutes for only £14.99. Get your certificate of incorporation within 1 business day AND a free business bank account.

www.tide.co

I though you said that it was free not 15 quid!

 

[Cash is King]

Except @Cash is King is cash only. Tide don’t do cash, it’s online only. Still costs £50, tide just absorb the cost.

So are you saying Tide pay the goverment 50 pound for one to start with and resell it for less

Would I have to use my ASDA travel money card to buy it?

 

[Cash is King]

2. By NOT registering the limited company Every year it would have been dormant you would saving the filing fees and admin time !

What filling fees are those?

 

[fisicx]

Tell me a bit more about the directors ID thing please?

You have to prove your identity by uploading documents to the gov.uk website.

 

[Cash is King]

I have heared stories of people buying limited companies

 

[fisicx]

So are you saying Tide pay the goverment 50 pound for one to start with and resell it for less

Would I have to use my ASDA travel money card to buy it?

Yes.

you would have to transfer money into your Tide account using their app. All online, no cash

 

[fisicx]

I have heared stories of people buying limited companies

Of course you can. But you would still have to prove your identity and create the necessary company documents, issue shares and pay fees.

 

[Cash is King]

You have to prove your identity by uploading documents to the gov.uk website.

Is this current and present at the moment and if so how long has it been like that for? Can you uploaded a copy of say a UK passport or driving licence in the form of a JPG or PDF that you have scanned at your library to them. Do they take copies in the post? do they have a UK postal address?

 

[Cash is King]

Yes.

you would have to transfer money into your Tide account using their app. All online, no cash

So you have to have a bank account with them? what is an app?
So they loose money on it do they

 

[fisicx]

Is this current and present at the moment and if so how long has it been like that for? Can you uploaded a copy of say a UK passport or driving licence in the form of a JPG or PDF that you have scanned at your library to them. Do they take copies in the post? do they have a UK postal address?

All explained here:

Verifying your identity for Companies House

You need to prove who you are to set up, run, own or control a company in the UK.

www.gov.uk

 

[Cash is King]

Of course you can. But you would still have to prove your identity and create the necessary company documents, issue shares and pay fees.

Who do you have to prove your identity to? who ells will be the share holders? and what fees?
Where can you find such companies for sale?

 

[fisicx]

So you have to have a bank account with them? what is an app?
So they loose money on it do they

Yes you need an account. All explained on the Tide website.

 

[Cash is King]

All explained here:

Verifying your identity for Companies House

You need to prove who you are to set up, run, own or control a company in the UK.

www.gov.uk

it states "Identity verification is a new legal requirement." how long has it been in service for?

 

[fisicx]

Who do you have to prove your identity to? who ells will be the share holders? and what fees?
Where can you find such companies for sale?

It’s all explained on the gov.uk website and company’s house website.

You can find companies for sale on a number of auction sites. Google it.

 

[fisicx]

it states "Identity verification is a new legal requirement." how long has it been in service for?

About a year. Along with a number of other changes. If you want to be a company director you will no longer be anonymous.

 

[Cash is King]

About a year. Along with a number of other changes. If you want to be a company director you will no longer be anonymous.

The page you linked to say you have to use gov one log in

 

[fisicx]

@Cash is King - you need some help with this as your knowledge of company law and associated processes are very lacking. A local corporate lawyer will guide you for an appropriate fee.

 

[fisicx]

The page you linked to say you have to use gov one log in

Correct.

 

[Cash is King]

@Cash is King - you need some help with this as your knowledge of company law and associated processes are very lacking. A local corporate lawyer will guide you for an appropriate fee.

Is there no study books that i could read that you know of?

 

[Cash is King]

Correct.

but i dont have a direct one log in account

 

[Cash is King]

You can find companies for sale on a number of auction sites. Google it.

Was hoping someone hear would post up there experances about one they bought

 

[fisicx]

but i dont have a direct one log in account

You will need to create one.

 

[fisicx]

Is there no study books that i could read that you know of?

https://www.amazon.co.uk/s?k=limited+companies+for+dummies&adgrpid=186292866413&gad_source=1&hvadid=779312973738&hvdev=m&hvexpln=0&hvlocphy=1006466&hvnetw=g&hvocijid=11811275055176048455--&hvqmt=e&hvrand=11811275055176048455&hvtargid=kwd-317096388945&hydadcr=2528_2461086_403188&mcid=f444ec84291533c4872e27a03efd8139&tag=hydrukspg-21&ref=pd_sl_1k2fpvunyq_e

 

[Cash is King]

You will need to create one.

cant create one

 

[Cash is King]

https://www.amazon.co.uk/s?k=limited+companies+for+dummies&adgrpid=186292866413&gad_source=1&hvadid=779312973738&hvdev=m&hvexpln=0&hvlocphy=1006466&hvnetw=g&hvocijid=11811275055176048455--&hvqmt=e&hvrand=11811275055176048455&hvtargid=kwd-317096388945&hydadcr=2528_2461086_403188&mcid=f444ec84291533c4872e27a03efd8139&tag=hydrukspg-21&ref=pd_sl_1k2fpvunyq_e

dont have a amazon account

 

[fisicx]

dont have a amazon account

Not sure if you are winding us up or not.

Get an Amazon account or take a walk down to your local book store.

 

[Cash is King]

Not sure if you are winding us up or not.

Get an Amazon account or take a walk down to your local book store.

Do you think there is good chance manchester central library will have one?
Or maybe forget about the who thing! change my name by deed poll and apply for a new licence

 

[fisicx]

Or maybe forget about the who thing! change my name by deed poll and apply for a new licence

I have no idea what this means.