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When Registering a Limited Company

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Hi everyone. First post. I found this forum a few days ago & it seems like the kind of place I've been looking for.

 

I'm attempting to start up a hosting company. I have found a great hosting reseller, I'm now just trying to figure out how to register a limited company. But even though I've been doing research on it, I have a few questions I was hoping someone here could help with?

 

So first thing, I read that a limited company needs to provide it's registered address on all invoicing. This being said, as it's a working from home business you can use your home address. I don't particularly want to put my home address on all invoices I'm sending out to clients online. I see you can use a PO Box to register your limited company, but a physical address must also be supplied.... does that mean that the PO Box would sufficient on the invoices?

 

I think that i have to put the word limited or ltd at the end of my business' name... does that mean I have to use the limited or ltd on all invoices & even on the website too?

 

If I create hte website & get the reseller hosting & start now... can I then retrospectively use a 'start date' for my business?

 

I hope this makes sense. I'm feeling a little confused with everything I've been reading. I keep getting told to hire an accountant to do my books. My aunt is actually an accountant so I'm going to ask her to help me, to pretty much help myself really as I'd rather do everything myself. But she's on holiday at the moment & I just really want to gather as much information as I can. I'm itching to start... buy the domain name, buy the hosting, but I keep telling myself to hold off until I have everything in order.

 

Thanks so much in advance!

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I have a Limited company. Some accountants let you use their address as your business address.

 

Hire an accountant immediately. If you're planning on doing everything yourself you're very very naive. Accounting is a specialist area and something worth paying for. Surely you'd want to be managing your customers hosting as opposed to worrying about VAT calculation, end of years account, PAYE tax etc.

 

Besides that, there's the whole liability shift benefit of having an accountant. If doing everything yourself you alone are liable for any issues with HMRC. When an accountant does this for you the liability is with the accountant.

 

For what an accountant will cost (I pay ~£2500 per year which includes quarterly tax, advice, vat, PAYE, expenses, lots of meeting which are worth their weight in gold (one saved me £11,000 last year) etc. As everything gets done for me it pays for itself immediately and isn't really a lot in the grand scheme of things.

 

Remember, a good accountant will save you money.

 

I don;lt fully understand why but several accountants have said the same to me. If you're turning over less than £25,000 k per year is makes more financial sense to register as a sole trader. If you turn over more than that it's better to register as Limited company.

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