10 x ADVANTAGES of a Limited Company | Starting a Ltd Company UK

[@HonestMoney]

How to Pay Yourself from a Ltd Company (Directors Salary 2020/2021) kzbin.info/www/bejne/Z3-xZKGYltmHe9E

[@MaggieVaz]

Thank you so much

[@maxx1nsane]

Really good information, thank you for doing this! Could you make another video about starting a business while you're still employed? It is really hard to find information about this online. For example, the unknowns for me are the taxation process. What is the best way to start a business while being employed at the same time? How would that affect taxation with your employer? How would this affect your taxation within your new business? What should be your status within your business? Share holder, administrator, employee? I apologize if my questions don't make sense. Much appreciated.

[@jadephoenixhoskins2243]

I need help. can we talk over the phone or Instagram message ZODIAC BAR LONDON please. `I will pay you! Thanks

[@deejaygal]

Brilliant video, thanks! I have been offered a company car and quickly found out that trying to work out the true cost of owning it was a minefield. Now I understand 👍😎

[@Mike-jx2uj]

Very helpful and solid advice, I'm a young lad just trying to cultivate knowledge- thank you!

[@Zediaphh]

me too mate, 23 own a graphics design business, opened a stocks and shares ISA and a savings account today now trying to give as little as possible to the taxman. Keep getting that knowledge mate its so important

[@glove1748]

Absolutely brilliant videos, thank you! This would help me understand more in the taxation side of a business ❤.

[@semiruu]

would love to see a video on trademarking!

[@cityman5468]

Honest money you remain the best, cause you always make the best of educative videos 👍🏼❤️

[@cheruzaleming]

please go into detail about self-assessment

[@martynjukes482]

As a tradesman I find limited companies work if you have employees and supply goods but if you're just supplying your own labour then sole trader works way better.

[@ace2c101]

I have notice you own a few different type of business.Do you have a holding company? Is it the same process to create a holding company,and what are the advantages,and disadvantages of having one.

[@2036scott]

This is the same information I am looking for.

[@skoopqueen]

Start that Company today.

[@eadad4371]

Not quite long I started investing. I'm very curious and need help on how to enhance and increase my returns. Any good investment tips would be appreciated

[@skoopqueen.]

@@eadad4371 Alright so generally, investing requires higher knowledge. For this reason, It's important to have a solid support structure (financial consultant) to guide you through especially in asset picking. I operate with (REGINA LOUISE COLLARO) an investment advisor who partners with a licensed wealth management firm. For the record, the experience has been the best for my finance. She is quite popular for her services so you might have heard of her. She made me financially stable investing through her help, now I earn on a monthly basis through her passive income strategy...So I’ll advise you do get a good Investment advisor for yourself.

[@eadad4371]

@@skoopqueen. That’s great , your investment advisor must be really good,I have seen testimonies of people using the help of investment advisors in making them more financial stable. Do you mind sharing more info on this person?

[@skoopqueen.]

@@eadad4371 look her up on the internet and leave her a message she's quite popular for her services as she was recently featured on cnn. She can work with anyone irrespective of where their located

[@emeldcentor1474]

@@skoopqueen. I have had the intentions of starting investing. But I always thought it was late and I think I need to stop procrastinating. I will definitely 🔍 Regina Louise Collaro and see what she can advise .Thanks a lot . This was of so much help to me .

[@topaztablin2185]

Good video going to open a ltd company soon. Great information. I have subscribed 😀

[@harrypalmer1391]

Hiya, just wondering how this went. I’m planning on opening one soon aswell. Do you have any tips? Thanks

[@UniqueDancerTay]

Thank you for sharing. I have just found your video. Can you share a video comparing CIC Vs LTD? 💛

[@annaboye8478]

Thank you so much. Can you please explain self assessment in more detail.

[@foxnmfox]

Hi thanks for a simple video which explains it clearly ,can you confirm would I still have to pay cgt if I was to sell a property within the ltd

[@stevebalmer9859]

Darren....ive worked thru Ltd. Companies for 20 years now and wouldnt work any order way if I had the choice. However with the government now enforcing IR35 I'm now being forced by main client to either go paye or umbrella. Any chance of a video about umbrella companies versus page? Going paye I can see me having to pay employers NI as well even tho taxes paye ie. Employed....if you ask the agent who my employer is on that contract you get fobbed off !.....any thoughts on that ? nice clear videos as well

[@blisterj]

Hi love your channel what credit card companies allow company card that is companies liability and not personal ?

[@Rokhsona]

Thank you, I didn't know all this.

[@marlonranghel3224]

thank you for this video. Helpful and informative

[@leilanieveritt4734]

My partner and I have just set up his ltd company as a builder with over 30 yrs experience. We are going to take your advice and pay via dividends with the £732pm etc. But not sure how to do this in the first year without a full years trading?

[@Steve_Van777]

I’ve been sole trader for a while now on CIS. We’ve been offered a job and they want a price for it and I figured a ltd company would be better as it’s a 40k+ job. I’m a little confused as we’re getting paid labor only. After paying our wages (12k) what out of the renaining 16k (24k for the 2 directors wages) is profit for dividends?

[@tyriqt7199]

would you recommend this to someone who wants to put a large chunk of their profits from trading into, and then set it so it can pay them and some close family members on a monthly basis. it wouldn't be for any type of business, it's more a way to ensure that each month they'll receive money over a certain amount of years so they wouldn't have to work unless they want to.

[@cynthiaanaman689]

Hello there thanks for all your help

[@fredfoz6730]

Hi love the site just what I was looking for, can you advise I have started a jetwash / steam cleaning business but want to continue my full-time job which earns me £21000 per year approx, two reasons having a steady income and it can be a sporadic job seasonally& of course everything that's going on with covid 19 at the moment, any advice would be appreciated

[@kaancetin719]

Is there any problem to withdraw the money from the company account to our personal account? I didn't understand the logic behind paying ourselve the wage. Or should we make extra payments (rest of the money) through dividends?

[@darnellthomas599]

Hi mate everything you said is clear as day don’t worry I just need some advice .. would you suggest being a ltd or self employed when selling online such has eBay and stuff pls get back to me

[@darrenmc4531]

brilliant as always! looking forward to the print on demand video.

[@serraios1989]

Very informative video. Thanks Darren

[@pbat118]

Who needs to know about a ltd company because I am currently dissabled and until the business makes money I would still need my benefits as it will struggle for ages?

[@bigpofty]

Informed, balanced and succinct. Much appreciated 👍

[@joshess4799]

Great video, really useful and informative. Thank you.

[@francesca7580]

Very helpful video, but one thing got me confused: if I am paying myself a minimum salary and therefore I am 'employed' why do I need to submit a self assessment?

[@jwb935]

That is for your dividend income and the income tax on those.

[@VideoManiacExtreme]

Thanks a lot, really helpful.

[@munirobeidat7433]

Good video man

[@kamranhussein868]

very clear. Thanks

[@casperel4everr]

Absolutely briliant video. Cheers young man

[@1998MrSam]

You said you could do a separate video for tax savings, have you done one??

[@jjohanesson9139]

I want to start a healthcare nursing agency and language agency.

[@Jrutty474]

Absolutely loved this thank you 😊

[@ArtursBondars]

Thanks for the video

[@xpektayshun]

Excellent!

[@christopherwheatley7845]

Helpful buddy 👍 thank you

[@karalistusk6149]

Thank you man

[@snooopy85]

Could you make a video on being the director of multiple companies please?

[@peterwylie]

Great video Darren. One small point.... I don't think it is always a requirement for a director to complete a self-assessment. HMRC now states that where all of a director’s income is taxed at source and there is no other sources of income, then there is no need for them to register for self-assessment.

[@kennethbarr6842]

Thanks the 3 Eco

[@alisonnorcross951]

Love your video.

[@HimanshuvMaheshwari]

Would love to see a video discussing about the potential tax saving. keep up the good work mate, Cheers!

[@HealthglowsNet]

Thank you for the great video. But please... could you speed DOWN with how fast you speak 🙏😊

[@danmamo5849]

I just came across your channel, just brilliant, clear to the point.

[@AngelikaDV]

Can you please do a video on running multiple businesses under one limited company? So much info on the USA, nothing on KZbin regarding doing this via a UK company.

[@slenap5305]

Would love to see a video on copyright 😍

[@aurimasliuberskis4827]

Guys like darren they dont tell us a lot things, they just lets us know basic obvious things.

[@kishoarjerin1732]

Hi I have an LTD company , can I use this company for eBay and Amazon both ? Thank you

[@rowland5951]

Do you open the LTD company or the bank account first?

[@lenshand]

You need to have the Ltd company first. The bank cannot open an account as a limited company which does not exist, therefore not a legal entity

[@fenet8717]

thank you!!!

[@Boneamps]

Great video Darren! I like your straightforward and to the point style. It would be great if you could go into a bit of detail about the trademark bit for your business, and how much risk is there from legal trolls registering the trademark first and then suing you for it. Thanks!

[@victorruhle8908]

Hi Darren, I'm a pensioner. Does that mean I am exempt from paying any pension contributions anyway?

[@peterleggatt3642]

I thought it was not allowed to pay yourself a pension as the Director of a company?

[@scoobydoo4419]

How about a video of 10 advantages of being a sole trader?

[@healthyhabits8215]

There’s advantages but wouldn’t you worry about getting sued?

[@faceonnailsdonehairdid]

Brilliant, thanks for this video. Very straight to the point a usual

[@simonergodoy]

Great channel 👏 👍 👌

[@ashel755]

Another fantastic video very well explained. Can you make a video on property purchase via limited company vs individual? Keep up the great work 👍🏼

[@StartMan09]

Great video - would be great to see a video on the paperwork a small business director will need to do i.e. annual returns, tax etc

[@AMIsmail22]

Thanks 😊

[@natalielarsson8669]

Can a US company become a director/shareholder of a UK company?

[@chrisredbarhuahin717]

How much can the limited company pay into your pension

[@donitamariesandoval89]

How to open LTD company as dropshipper if you're in the Philippines?

[@LA-fr7fx]

Thank you

[@andytrace]

thanks

[@nicoletadanmccaan5602]

Why do you call disadvantage these are obligations... totally different terms,,, anyway, thanks for this video!

[@imageonworkwear3698]

Great video Darren, really clear and easy to understand, made so much sense as a new director as of tomorrow!

[@JeebonZLopez]

Is there a way to not have a salary at all as an employee of your own company and legally avoid paying income tax? And is there any way to invest in stocks/crypto through your corporation and save taxes on these?

[@NervousPresenter]

Very clear and succinct video. Kudos. Would be great if you could make a video on a Sole Trader vs starting a limited company. For example in which situations you are better off having one or the other and if you earn 50 - 70k per year how much better off would you be with a limited company rather than sole Trader after tax and all expenses. Keep up the good work 👍 Just subscribed

[@alisonnorcross951]

How do you structure if you want to leave a legacy to your family

[@baileys_adventures2024]

Hi Darren, keep up the videos on both amazon and the honest money, they are both great and have very valuable information! Do you have any content relating to running a ltd company while still in full time employment? Thanks.

[@Daniel_Borisov]

That's what I want to do - start fba whilst on full time employment. My employer confirmed that they are ok with the plan. I plan to use Juniper Lynx as accountant as they offer an all inclusive service for £120 per month, we discussed my business plan with FBA and my full time employment and were totally fine. I agree that a video for running a company whilst full time employed would be great, and I'd love another one for accountant companies recommendations. Apart from that, great video Darren! So much information in just 7 minutes and well structured. Thumbs up for the algorithm. Keep up the good stuff on both channels!

[@HonestMoney]

Thanks Calum, I'll have a think about what I could include in a video covering that scenario.

[@keithchegwin1222]

I'm planning on becoming a self employed DJ, I thought having a LTD was my only option, how else would I pay my tax? Thank you 😊

[@davidscott3292]

You just submit an annual self-assessment return.

[@keithchegwin1222]

@@davidscott3292 Thanks

[@Wired1200]

I want to change my ltd address, and would like to know if I will receive a new Certificate of incorporation with my new address on it? I know you will receive it once you change your business name but wasn't sure if you will receive one if you change your address?

[@jennifertaylor5777]

Hello, would you have any insite into VAT. best ways to pay less vat etc...you are brilliant at explaining these things.

[@DrillManga]

Hmm... The disadvantages don't seem too bad, although it's stricter; is it just me?

[@richinfeels]

If I plan to sell in the UK and live in sweden do I need an "Ltd" in sweden or in the UK? Thanks!

[@jordanmorter5696]

You can't run a UK company from Sweden

[@paralogical]

very well explained Daniel. Do you have any knowledge of registering a Trademark? i'm thinking of registering one soon for my online shop. thanks

[@kitpimp]

Good videos mate, I just started one to come off benefits and the admin side is quite simple when you understand how things are done

[@NovaHost360]

Great

[@evka24]

Thank u

[@LaraKnowsBest]

Thanks for your your videos, the way you explain things really stick with me. Can you please make a video about pension and the most efficient way to invest as a limited company owner?..like what's best.. isa vs private etc..

[@BOBTSeries]

Hello, thank you for your video. I was told that as a limited company you do not file self assessment, could you pls expand on that? Thank you

[@fahad1604]

Thanks for informative video. Is this applicable for UK branch of overseas companies? What is the process of setting up a UK branch of overseas company?

[@plummetplum]

You forgot to mention the pain in the arse inside/outside IR35 argument.

[@keaty1984]

Love the videos , I started In April my own company selling bike light..it's taken me by surprise now turned over 170k...I was hoping to go flat rate VAT as I'm not claiming anything back, can this still be done if I go ltd company ?

[@onlineuktest3763]

Great video Darren. I opened a seller account as a Sole Trader in January 2021. I didn't start selling yet just created my listing and Ordered my product from China which supposes to arrive in April 2021. Do you think I SHOULD REGISTER A LIMITED COMPANY AND CHANGE IT NOW BEFORE I START SELLING ON AMAZON? OR DO YOU SUGGEST Continue as a Sole trader then Change it later.Many Thanks

[@juicyrecords9286]

Thank youuuuuuuuuuuuuu

[@akocmatthew]

Hi, can anyone help me please. I am a director of my limited company and i will resign and use someone as a director so I can be epmloyed as PAYE. This is for the purpose of mortgage. Lets say I earn £500 a week but want to Increase this salary. Can i take money from my personal savings or other bank account to transfer to my limited company account so i can pay myself more than £500 maybe around £800 for a few months til my mortgage get approved. Hope someone can help me with this. Thank you in advance.

[@abdakd2154]

Very useful, thank you for sharing. For someone who would like to set up a limited company using one of the services that provide a registered address, is it a good idea? if so, are there any recommendations? Thank you

[@littletavy420]

Any advice for hiring your first few staff? How would that affect the national insurance avoidance?

[@Entertainment_Chilli]

Hi, I'm an Indian. I want to start my own Cosmetic company in UK. For foreign citizens how much amount is mandatory to start UK Ltd company? Please suggest 🤔🤔 or Can I start sole proprietorship ?

[@xChikyx]

sadly it costs £50 to make the company now (12 august 2024)

[@CJWls986]

great video

[@Lenakeiz]

Do you have advantages like on deducting payments for equipment (let s say you do photography) from the taxable amounts? Or can you do that as a sole trader as well?

[@zebra098-fb8yp]

Could you do a similar video on the different partnership structures such as LP, LLP, PFLP? That would be fabulous!

[@malcolmmcinnes8461]

Hi, brilliant video as always. I have a minor question about the disadvantages. Is it the case that if a director only has PAYE income from the company, they don’t have to register for SA? I understand that HMRC used to insist that all directions had to register for SA but have relaxed their policy. Can you advise?

[@maciejbialowas7436]

yes, you are right - the registration for SA is no longer mandatory for directors.