anyone ever started a company (legally/officially... blah blah blah)?
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if so, e-mail me please, as i'd like to get some insight if i may :) or just reply to this message hehe -Roman (tekno117@optonline.net)
- Roman -
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if so, e-mail me please, as i'd like to get some insight if i may :) or just reply to this message hehe -Roman (tekno117@optonline.net)
- Roman -
RomanNY wrote: anyone ever started a company (legally/officially... blah blah blah)? I have started, stoped, busted, sold, bought a vaiety of businesses. 1.) I don't think this is the place to get advice. Due to it's International nature. (No offense meant) 2.) Ask around for a good conservative accountant. 3.) See if you can find an experienced business mentor. 4.) Beware of Taxmen. Regardz Colin J Davies
Sonork ID 100.9197:Colin
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RomanNY wrote: anyone ever started a company (legally/officially... blah blah blah)? I have started, stoped, busted, sold, bought a vaiety of businesses. 1.) I don't think this is the place to get advice. Due to it's International nature. (No offense meant) 2.) Ask around for a good conservative accountant. 3.) See if you can find an experienced business mentor. 4.) Beware of Taxmen. Regardz Colin J Davies
Sonork ID 100.9197:Colin
thanks for the advice, ill try to see who i can get in touch with that knows a thing or two
- Roman -
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RomanNY wrote: anyone ever started a company (legally/officially... blah blah blah)? I have started, stoped, busted, sold, bought a vaiety of businesses. 1.) I don't think this is the place to get advice. Due to it's International nature. (No offense meant) 2.) Ask around for a good conservative accountant. 3.) See if you can find an experienced business mentor. 4.) Beware of Taxmen. Regardz Colin J Davies
Sonork ID 100.9197:Colin
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if so, e-mail me please, as i'd like to get some insight if i may :) or just reply to this message hehe -Roman (tekno117@optonline.net)
- Roman -
I have but in the UK not the US, but I guess the basics apply anywhere. Get an accountant and let them deal with all the crap and let yourself get on with doing the work. Michael :-)
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if so, e-mail me please, as i'd like to get some insight if i may :) or just reply to this message hehe -Roman (tekno117@optonline.net)
- Roman -
Ok, I've never done this myself but from memory here's roughly what happens in the UK. First you have to fill out some forms explaining the purpose of the Company, what its business is going to be etc, oh, and choosing a name. The name is checked to ensure it doesn't infringe any existing copyright trademarks etc. You then have another form listing the director (minimum of 1 I believe), and Seceretary -- can't be the same person, but is essentially used as the person to contact at the company. These are then all filed with Companies House (http://www.companieshouse.org.uk/) as a record. Once you've submitted these you then have to submit accounts annually -- Balance Sheet and Profit & Loss I believe are the minimum. These outline any assets the company owns etc., as well as a summary of the year's business activities. All this information is kept since you gain limited liability, and people want to be able to find out what kind of Company you are to ensure that bills are paid, since if they aren't and the Company has no way of paying then you personally don't lose anything outside of what you invested. This is from memory so don't quote me on it, if you're in the UK go to the Companies House website and it'll fill you in, although in the end you will have to submit accounts which can be a pain unless you have experience, not forgetting that you have to get these accounts audited which could throw up problems if its not done properly.
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if so, e-mail me please, as i'd like to get some insight if i may :) or just reply to this message hehe -Roman (tekno117@optonline.net)
- Roman -
I have an LLC in the US. Not too hard to setup and maintain, given that it is a LLC, and a one-person company. (Granted, my needs are small and I am not looking to retire on any money made by the company: I just wanted to be able to write and sell my own software products.) FWIW, I can third the recommendation for NOLO PRESS publications. Also, if you are in the US, you might want to look into SCORE. Peace! (And good luck!) -=- James.
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if so, e-mail me please, as i'd like to get some insight if i may :) or just reply to this message hehe -Roman (tekno117@optonline.net)
- Roman -
Hi, Although you can do it the cheap way just using the forms and advice here, you are far better of paying a lawyer to do it properly especialy if you have to content with UK IR35-type measures. It's not actually that expensive and will save you loads if it all goes wrong; at least one country allows the courts to ignore the limited liability of the directors were remis in some ways. All the best and good luck with your venture. Al. Alice thought that running very fast for a long time would get you to somewhere else. " A very slow kind of country!" said the queen. "Now, here , you see, it takes all the running you can do, to keep in the same place".
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Ok, I've never done this myself but from memory here's roughly what happens in the UK. First you have to fill out some forms explaining the purpose of the Company, what its business is going to be etc, oh, and choosing a name. The name is checked to ensure it doesn't infringe any existing copyright trademarks etc. You then have another form listing the director (minimum of 1 I believe), and Seceretary -- can't be the same person, but is essentially used as the person to contact at the company. These are then all filed with Companies House (http://www.companieshouse.org.uk/) as a record. Once you've submitted these you then have to submit accounts annually -- Balance Sheet and Profit & Loss I believe are the minimum. These outline any assets the company owns etc., as well as a summary of the year's business activities. All this information is kept since you gain limited liability, and people want to be able to find out what kind of Company you are to ensure that bills are paid, since if they aren't and the Company has no way of paying then you personally don't lose anything outside of what you invested. This is from memory so don't quote me on it, if you're in the UK go to the Companies House website and it'll fill you in, although in the end you will have to submit accounts which can be a pain unless you have experience, not forgetting that you have to get these accounts audited which could throw up problems if its not done properly.
Also an annual return ... The audit requirement is *not* blanket in the UK curently. Alice thought that running very fast for a long time would get you to somewhere else. " A very slow kind of country!" said the queen. "Now, here , you see, it takes all the running you can do, to keep in the same place".
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Also an annual return ... The audit requirement is *not* blanket in the UK curently. Alice thought that running very fast for a long time would get you to somewhere else. " A very slow kind of country!" said the queen. "Now, here , you see, it takes all the running you can do, to keep in the same place".
I stand corrected :)
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if so, e-mail me please, as i'd like to get some insight if i may :) or just reply to this message hehe -Roman (tekno117@optonline.net)
- Roman -
no message
- Roman -