Marketing as a exclusive and limited company

many small ’self employed’ business persons, timid away from forming a exclusive and limited company, primarily because they think it is too involved too costly or beyond their capablenesses to accomplish company director status. Nevertheless, a great deal of of the ’self employed’ also look at they would lose too a great deal of perks by having to announce all their income to the ‘inland revenue’, when marketing as a exclusive and limited company.

a friend of mine who runs his own business, gives me happiness by just being associated with him. One day i asked him, why he had not registered as a exclusive and limited company, his reply was ‘because i’ve full agitate and control of my business, without even having to relate to anyone’. By not being registered as a exclusive and limited company, he could in the future, lose all property he more and more bought with profits from his successful business.

the average small business is ordinarily directed and controlled by one individual and his/her – wife/partner, both sharing the day to day conclusions controlling and devising their business. They would be ideal for registering as a exclusive and limited company, supplying they were prepared to announce all their company earnings to the ‘inland revenue’.

the minimum requirement in the uk for forming a exclusive and limited company is one individual who will act as director for the establishment and one individual who will act as secretary for the establishment (the director can’t also be the secretary of the establishment). Leastwise one shareholder should be more than willing to buy a single £1. 00 company share. The shareholder can be the establishment director or company secretary.

the ’self employed’ business name you are marketing with at present, can not be available to register as a exclusive and limited company because the name can have already been registered. This means you would must look at several marketing names, until you find one that has not been registered, as a exclusive and limited company.

however, it is not virtuous and wise to appoint your wife/partner as a director, whether or not it can be warded off but you could appoint he/she to the perspective of company secretary because whether or not he/she is appointed as a director, you will experience troubles in the future. It is also not advisable to appoint your sons and daughters as directors because they will only be grateful for their own impertinent and personal interests and should be permitted to reconnoiter and explore their eager desires.