Setting up a limited company

[why]

Hi, Can I set up a limited company now if I don't intend to trade (full time) for a lease a year. I want to start laying the groundwork and maybe set up a office and vehicle. If i can How do i go about it?

Thanks

 

[gobig]

Re: Setting u a limited company

Whats your rush if you dont expect to trade for another year?

 

[why]

Re: Setting u a limited company

None really, so I should wait till I start to trade? I just thought there might be a advantadge to doing it sooner. Thanks

 

[why]

Re: Setting u a limited company

Is there any advantadge in registering the company name early?

 

[Graham_07]

Re: Setting u a limited company

Before doing this you need to establish do you need to operate as a limited company or will a sole-trader do. There are many other threads on here dealing with this issue. Suggest you look at them.

 

[gobig]

Re: Setting u a limited company

Theres no advantage to setting up early if you wont be trading. The whole process only takes a week or 2 anyway when you are ready

 

[Joe1234]

Re: Setting u a limited company

The whole process only takes a week or 2 anyway when you are ready

To set up a company might only take a week or 2, but you can add another 2 or 3 weeks on to that to get the company registered for taxes.

 

[Domo]

Re: Setting u a limited company

Setting up a company incurrs costs and legal requirements - don't do this until you have to..
Are you sure you need a company anyway - what's the problem trading as a sole trader for the first few months?

Take professional advice - you will probably save mere that running a company will cost if not required!!

 

[why]

Thanks all, u were great help.

Why........