Serious thread... new business - Posted on 2007-05-30 10:20:57
bubblesloves69 1300cc Superstar
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I've been thinking for some time about setting up my own business and have decided to take the plunge!!
Need a bit of advice about registering the company name and domain (.com and .co.uk) but don't know where to start!
Have the business plan underway including projected turnover/revenue and set up costs.
Will need a bit of help with the designing of the website too once I've registered the domain, so any "free" help would be appreciated.... when I say free I can stretch to a few beers/vodkas :o)
Thanks in advance xx
Serious thread... new business - Posted on 2007-05-30 18:14:30
the_ox 1300cc Superstar
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Watch for the VAT returns there is a method where you can invoice in advance and pay later. Your accountant will know this, its just slipped my mind what its called atm.
This will help, its probably better to get VAT registered asap as you can claim back on items. http://www.lloydstsbbusiness.com/support/businessguides/introduction_to_VAT.asp
Hope thats of some help
oxo
Serious thread... new business - Posted on 2007-05-30 19:11:04
bazzoka 750cc Boy Racer
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Good tip, from experience at our place is any electronic goods etc, buy LG, mainly because of their great warranty you get 3 years, and if anything goes wrong they operate a return and exchange item, all at their exspense, a courier will come and collect whilst at the same time dropping off the new item.
all be it that it may be a recon unit, has saved our skin many a time, normally about5 2 days before a big job that we have to ship it all out!1lol
Serious thread... new business - Posted on 2007-05-30 19:20:26
the_ox 1300cc Superstar
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Pah most stuff we fit has a 5 yr warranty...............like we tell the customers!
oops trade secret alert
Serious thread... new business - Posted on 2007-05-30 19:50:00
r1froog 1300cc Superstar
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good on you bubbs,give it a real go,if you dont try,you never win.marks right bout the ltd bit.but im sole trader with 3 seperate ones,,,risky i no,but i find it better for the things i do.and i dont intend goin bust...if youve a gut feelin,go for it.put your heart and soul into it,it will amaze you what you can achieve.. good luck,see you soon.
Serious thread... new business - Posted on 2007-05-30 19:57:10
the_ox 1300cc Superstar
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Sold trader gives more leeway for cash deals, but the stakes are far higher if you fold.
Not that i wish that on you but bear it in mind.
oxo
Serious thread... new business - Posted on 2007-05-30 20:03:03
r1froog 1300cc Superstar
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yeah i no,but its not the cash bit,,just that m,y accountant tells me ive better tax solutions being sole trader...but im thinkin goin ltd as its gettin too big,,and too much to lose,if anything did go wrong.
Serious thread... new business - Posted on 2007-05-30 20:06:08
the_ox 1300cc Superstar
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Last company i "managed" I quadrupled the turnover with a new product/service.
My thanks a directorship that never appeared, the VAT returns went thru the roof and I was replaced with someone who cannot run a computer or operate sage.
The company has since folded and been renamed as a limited one, for obvious reasons.
Nice to see employees appreciated, but this isnt a moan, its a fact of life that people get used.
cheers
Serious thread... new business - Posted on 2007-05-30 20:11:00
r1froog 1300cc Superstar
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yeah i moan too bout vat,,but i do no what u mean...
Serious thread... new business - Posted on 2007-05-30 20:39:25
Speedofile 1300cc Superstar
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Good luck Bubbles...been there (twice) and decided to get out for personal reasons, but you can do anything if you put your mind to it.
My daddy use to say...all you need in life is a good Doctor, soliciter and Accountant and you'll do fine!
Serious thread... new business - Posted on 2007-05-30 21:00:03
bubblesloves69 1300cc Superstar
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Thanks again guys :o)
There is no way that I can operate as a sole trader as my clients can only deal with ltd or plc's due to their own accounts systems..... bit of a pain in the arse really but hey I'll make it work, it's not as if I don't understand the industry and job, just need to get the finer details sorted and understood. Does anyone know where I can buy a new memory.... sh*te I'm gonna have to remember things now eeeek
I'm not gonna be buying anything until the month before i go live, so will register for VAT next month. Thanks for the tip though oxo woxo poos lol
I'm all excited now but need to get things right so trying not to rush with anything.
Registering the co name and domain's tmw, gonna start making templates for website, letter heads, cards etc soon as well as completing the business plan. Busy times ahead!
It's all thanks to a very special person giving me not so gentle nudges to take the plunge, although I expect there will be a time when I could kill him for pushing me..... life (and work in this case) is one heck of a journey.
xxx
Serious thread... new business - Posted on 2007-05-30 21:19:13
the_ox 1300cc Superstar
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Bubbs you have 30 days to register once you start trading. It can be done on the phone or on line.......too lazy to get the URL....
Another job for yas xxxxx
Serious thread... new business - Posted on 2007-05-30 21:22:51
hungry_hippo 1300cc Superstar
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bubbs if ya want i can pass you a friends email who can help you a site he's just started doing things for himself and he is really good
Serious thread... new business - Posted on 2007-05-30 21:24:26
r1froog 1300cc Superstar
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you actually get 3 months to register,for tax and ni.
vat you get longer,thats incase u dont meet vat threshold.
Serious thread... new business - Posted on 2007-05-30 21:32:12
the_ox 1300cc Superstar
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Actually in England its 30 days. For a new business.
Limited allows this:
Company Limited by Guarantee
A company limited by guarantee is a membership organization in which the members' liability is limited to some nominal amount such as £1. The membership can be quite large, or it can be limited to the trustees. A company limited by guarantee can be not-for-profit in nature. It is a legal person. Companies House registers companies limited by guarantee.
ox
Serious thread... new business - Posted on 2007-05-30 21:49:45
r1froog 1300cc Superstar
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its 3 months,if not ltd,,,,,soz my mistake.im not ltd,so was talkin from experience,of my buisness.
Serious thread... new business - Posted on 2007-05-30 10:20:57
Serious thread... new business - Posted on 2007-05-30 21:00:03
