HOW TO START A LIMITED COMPANY IN 2023 (UK)

Wondering how to get a limited company? In this video Dan runs you through the process of getting a limited company in 2023:

What you can call a limited company
How to form a limited company
Do you need an accountant to form a limited company
How long does it take to set up a limited company in the UK
Who can be a director of a limited company in the UK
Who can be a shareholder of a limited company in the UK
Do you need a registered office address
Where should your registered office address be
Limited company explained UK
Limited company names
Choosing a UK bank account
Choosing a UK small business accountant
How to choose a SIC code

00:53 What is a limited company?
02:15 Should I be a limited company?
2:40 Reminder about money
03:09 Decision 1 - Names
05:24 Decision 2 – Registered Office
06:58 Decision 3 – Shareholders
08:40 Decision 4 – Directors
09:50 Forming the company
11:53 Registering for corporation tax
12:35 SIC codes
13:29 Bank accounts
16:09 Accountants and filing
16:40 Summary

… and more!
If you have any questions on this, please comment below.

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#accounting #smallbusinessuk #tax

[IbnShahid]

Me and my Ukrainian girlfriend, Sonja (she's mildly cretinous) set up a company called Tomahawk Leisure. We looked into its operation and closed it down again. It was inoperable.

[adebayosamuel]

Thank you for all the useful information, they're insightful and helpful for building confidence and understanding what I need to do when registering and starting a coy.

[GentsClub]

Very concise, informative and straight to the point. Thank you

[elizahughes]

Really helpful video, thank you! Generally speaking, if you are already a higher rate taxpayer via PAYE, is it more efficient to operate as a sole trader or through a limited company?

[Mazzie]

Brilliant video, you explained it very clearly and it was very interesting.

[cinspain]

I set up a new company 2 days later changed the name and have the certificate of change but when I open a bank account and I search it it's showing my old name, what can I do

[giuseppebonelli]

I' d like start o Company in UK, but I am Italian can I do now 2024 after the Brexit. I don't want work from Italy but in England. Can I use a virtual office like registered office?

[Homelessnomad]

Can i open a limited company just for buying and holding crypto?

[chrisder]

Hello I am French, I am located in France, and I created a Ltd to sell on Amazon UK, but I don't understand why since I thought it was free? and yet I receive letters maybe once a month from the IKA government and now they are asking me for money even though I have not made any sales

I have to pay to close this business because I don't use it?

Is it possible to change my bank card number and also my postal address?

[mkerai]

Is it possible to setup a new limited company and have another company as the shareholder, ie, this new company pays the parent company and it then pays dividends to the director

[bendehiba]

hi
i got a german friend wants to open a business in the uk
can you tell me what's the steps to follow please
my regards

[crswkhj]

Great video thanks. Im in two minds at the minute weather to go down this route or not

[yevheniiliashenko]

Please tell me which SIC code is better to choose for SaaS (Software as a Service), if the site operates on a subscription basis.

[mykola_kanyuk]

Hi, can you make a video on the trends in accounting industry and how your company respond?

[ebojfmdboojoh]

Do you legally have to have a Company Bank account??

For example if your a Market trader operating as a corporation and you only dealt in Cash transactions, do you have to put the money in a bank account??

[martapawlak]

May I ask you for something? Do you know any British banks, where you can open an account with credit line (in case you are still waiting for your invoices to be paid, but bills are due to be paid)

[Angelino-roberto]

Hello guys nice explicaton, Evrey one on Youtube it tell you how to open account with amazon but what tipe off company you need and show you all pass you need to open a company, no one . im not shure what type of company i need and also if i need a real address in uk how manage as im tenant and i can`t use that address, maybe can you do one tutorial about thks

[davedgibson]

I’ve almost completed writing my children’s story book, with my own watercolour artwork in the book. I’m looking at going the self-published route, and wondered if I should create a Limited company to protect my intellectual property on the books/artwork, and to sell the books via the Limited company. Would you advise I do this? Thanks

[esmob]

Very informative videos! I have a side hustle that I am building a mobile game with ads and monthly subscription. I have no idea about opening UK business, taxes or accounting. I am wondering does your company help entrepreneurs on that regard? Because I am considering contacting you about that. Also please let us know of any recommended books if any on starting a UK business if any.

[ActivePresss]

Can you use a limited company on shopify if your under 18 instead of your parents information because of their unwillingness because it might impact their taxes? Any help appreciated