[Gleaming windows]

Anyone operate as  Limited company or Public Limited ?

If so why and what advantages?

[daz1977]

one of the advantages of being ltd is that if it goes tits up, all debts are limited to the company and you dont lose your house,

but a lot of banks want director guarantees for loans, so u still got to pay them back

u need a company secretary and a director,  one advantage is if you employ people and get a speeding ticket, that doesnt identify driver, get secretary to say dont know who was driving van, and get fine and no points

if you are a  director of the company, and pay your self, u have to fill out a tax return for you as well as company

every one i know who has gone ltd says it was a waste of time and more hassle

[paul rulton]

come on peoples...... i want 2c ur answers..... PLEASE

[Clive McDonald]

I see steve is limited. This thread might be his chance to shine.

[paul rulton]

I see steve is limited. This thread might be his chance to shine.

come on steve..... were waitin : : :

[The Jester of Wibbly]

hmm, then you have to publish your year results to companies house so everyone can see what you are earning

[paul rulton]

hmm, then you have to publish your year results to companies house so everyone can see what you are earning

WOT !!! IS THAT TRUE : OR U MESSIN ABOUT ??

[Blue Frog Systems]

My wife spoke to our accountant about going ltd. For us its something we will do in the near future. Best thing I would say is to speak to your accountant or an accountant to see if it will suit your business.

It has its advantages for sure, not everything suits everyone.

Plc is a public listed company on the stock exchange that any tom dick or harry can buy shares. Your talking BIG business there. I believe MITIE are a plc, so unless your planning a very rapid growth, don't worry about plc.

[Blue Frog Systems]

Yes once your ltd your accounts become public knowledge. Maybe even if your not ltd yet, but I'm not too sure about that one.

I remember watching the apprentice and they interviewed one of the women and said her accounts were different to her application form. She asked how they knew and she was told that they had a copy of her accounts as they were on public record.

[The Jester of Wibbly]

hmm, then you have to publish your year results to companies house so everyone can see what you are earning

WOT !!! IS THAT TRUE : OR U MESSIN ABOUT ??

yes, google companies house website.  You need to send in your end of year accounts.

On the plus side, you keep your business name protected.  No one else can register the same name as you can when a sole trader.

[paul rulton]

OH SOD THAT THEN... IVE GOT A VERY VERY MONEY HUNGRY X WIFE

[daz1977]

think going ltd is fun wait till u go vat registered

[The Jester of Wibbly]

Yes once your ltd your accounts become public knowledge. Maybe even if your not ltd yet, but I'm not too sure about that one.

I remember watching the apprentice and they interviewed one of the women and said her accounts were different to her application form. She asked how they knew and she was told that they had a copy of her accounts as they were on public record.

No legal requirment to submit your Balance sheet & P&L to CH if you are a sole trade.  Just need to do your tax returns

[Blue Frog Systems]

Yes once your ltd your accounts become public knowledge. Maybe even if your not ltd yet, but I'm not too sure about that one.

I remember watching the apprentice and they interviewed one of the women and said her accounts were different to her application form. She asked how they knew and she was told that they had a copy of her accounts as they were on public record.

No legal requirment to submit your Balance sheet & P&L to CH if you are a sole trade.  Just need to do your tax returns

Wasn't too sure, so thought best to say I wasn't sure on that one.

Thanks for that info though

[davids3511]

hmm, then you have to publish your year results to companies house so everyone can see what you are earning

Not true unless your turnover is above 2m. If it is below you send in an abreviated set from which it is impossible to tell what you are earning.

[davids3511]

See here for example - http://wck2.companieshouse.gov.uk/2c0ee8b3fa07eedfbde5b03c6bb47fa1/compdetails

Last Accounts Made Up To: 31/05/2009  (TOTAL EXEMPTION SMALL)

The TOTAL EXEMPTION SMALL is the part that tells you the accounts are not a full set.

[AuRavelling79]

See here for example - http://wck2.companieshouse.gov.uk/2c0ee8b3fa07eedfbde5b03c6bb47fa1/compdetails

Last Accounts Made Up To: 31/05/2009  (TOTAL EXEMPTION SMALL)

The TOTAL EXEMPTION SMALL is the part that tells you the accounts are not a full set.

Oh that is priceless er ... very helpful davids3511! 

[matt]

See here for example - http://wck2.companieshouse.gov.uk/2c0ee8b3fa07eedfbde5b03c6bb47fa1/compdetails

Last Accounts Made Up To: 31/05/2009  (TOTAL EXEMPTION SMALL)

The TOTAL EXEMPTION SMALL is the part that tells you the accounts are not a full set.

thats not a fair example, whoever this company is, they are ltd, but just in name, they are not earning the amounts that most ltd companies earn ( or aim to earn )

my guess is its just some1 attempting to look the part ( being ltd ) , but as most know, its not hard to find the details out from companies house, so when this AQUA TECHNOLOGY LIMITED act the big boys for contracts, when a little research is done it doesnt add up and they look what they are ( a company trying to look big )

[matt]

See here for example - http://wck2.companieshouse.gov.uk/2c0ee8b3fa07eedfbde5b03c6bb47fa1/compdetails

Last Accounts Made Up To: 31/05/2009  (TOTAL EXEMPTION SMALL)

The TOTAL EXEMPTION SMALL is the part that tells you the accounts are not a full set.

thats not a fair example, whoever this company is, they are ltd, but just in name, they are not earning the amounts that most ltd companies earn ( or aim to earn )

my guess is its just some1 attempting to look the part ( being ltd ) , but as most know, its not hard to find the details out from companies house, so when this AQUA TECHNOLOGY LIMITED act the big boys for contracts, when a little research is done it doesnt add up and they look what they are ( a company trying to look big )

well it adds up

they are a ironics user  : : i wonder if they were taught the ltd trick from ironics window cleaning school

[stephen s]

spot on mattress