Any body know about buying limited company

[thewizardofodds]

Need to buy limited company. Prices start at ?15 but you only get electronic certificate and i need to open bank account so need proper cert.
Some offer fast track bank account with cash back etc but bit confused.
To be honest just want a ltd company with bank account and would rather not go to the bank if I can help it.

[Meat-Head]

Not into stuff like this, but was stalking somebody, sorry researching somebody or some company sorry, and found a website where you can buy a 'ready to go' company with bank accounts, was a VERY long time ago.

Suggest you pick a random limited company out of the phone book and spend 15 mins 'stalking' them to see if the same advert pops up on one of these 'insert coin to find more info' websites.

[bald rick]

try a Ugandan bank!!!

[thewizardofodds]

try a Ugandan bank!!!

I have several of them but now need to filter it through uk limited.

[kianniamh]

Bit confused mate.

Do you want a bank account or a limited Co. or both?

You can set up a ltd co up without a bank account but you will need the incorporation cert. to open up a company bank account. Does that make sense?

[thewizardofodds]

Bit confused mate.

Do you want a bank account or a limited Co. or both?

You can set up a ltd co up without a bank account but you will need the incorporation cert. to open up a company bank account. Does that make sense?

I want limited AND bank.

If I get a ?14.99 cheapo I only get electronic incorp cert but to open bank I need a proper cert so no good. The ones with proper cert cost prob ?45 which works out at ?30 fo a cert which seems a lot.
Some of the cheapos say they have fast track bank intro so i'm guessing I dont need cert for that

[kianniamh]

Most of them have agreements with specific banks so you will probably be forced to go with who they choose. It would still mean arranging a meeting with that bank's branch to set the account up face to face, so depends if you have a preference to whom you would rather bank with.

[thewizardofodds]

Most of them have agreements with specific banks so you will probably be forced to go with who they choose. It would still mean arranging a meeting with that bank's branch to set the account up face to face, so depends if you have a preference to whom you would rather bank with.

Not too fussed who I bank with as they all offer free banking for first year and to be fair the company might not even last that long. Its just that couple of them say that if you do the bargain offer they will get you fast track bank account without visiting the bank. Not that visiting bank is a problem but cant be arsed getting the blag for an hour whilst they try to get me to take out insurance, etc etc.

So if I can save ?30-?40 buy not paying for an a4 sheet of paper and get a bank account without visiting the bank plus POSSIBLY get some cash back then I'd rather do that.

[thered]

Need to buy limited company. Prices start at ?15 but you only get electronic certificate and i need to open bank account so need proper cert.
Some offer fast track bank account with cash back etc but bit confused.
To be honest just want a ltd company with bank account and would rather not go to the bank if I can help it.

without sounding too dumb what does buying a ltd company do for me what are the pro's of having one

[kianniamh]

If it saves visiting the bank and for that price you cant go wrong wizzardofodds.

thered:- A lot of subcontractors use them as large firms like to avoid taking people on as employees and thus avoids paying PAYE/NI.

As for having one takes away any personal liability if the co. folds and you can just walk away, plus a slight saving on national insurance if you take dividends out as opposed to a wage.

[thered]

If it saves visiting the bank and for that price you cant go wrong wizzardofodds.

thered:- A lot of subcontractors use them as large firms like to avoid taking people on as employees and thus avoids paying PAYE/NI.

As for having one takes away any personal liability if the co. folds and you can just walk away, plus a slight saving on national insurance if you take dividends out as opposed to a wage.

so i can run lots of bills up and go bust every week eh

[kianniamh]

You will be disqualified from being a director for seven years so not that simple, or then get the mrs to set one up, then cousins etc etc.

[junger]

Wizzardofodds

If you buy or set-up a Ltd company then your accounts have to be submitted to companies house each year,failure to submit icurs a fine, although your liabilities are offset against the ltd company you will pay corporation tax on ALL profits.and your details are then open to anyone who wants to pay ?2.50 to companies house, hope that helps