 |
ClearSky Accounting Specialist contractor accounting. No nonsense fixed fee service from £95/month. Find out more. |
How much does it cost to set up a company?
Posted May 19, 2010
There are various ways contractors can set up their own limited companies; via an accountant (a popular way), via a company formations agent, or direct with Companies House.
As you can imagine, the more "middlemen" that are involved, the more you might expect to pay.
1. Companies House
The standard registration fee to set up a company is £20 for the 'standard' service, or £50 for same day incorporation.
You will need to fill in Form IN01 and file copies of your Memorandum and Articles of Association yourself.
You can find out exactly what is required here.
2. Formations Agent
Another route is to use an intermediary to incorporate on your behalf. There are hundreds of formation services available online, from email only services (i.e. all your company documents will be emailed to you) to quite pricey packages which even include a brass plate with your company name on it!
You simply need to search if your desired name is available, pay the fee, and everything should be taken care of on your behalf.
You can set up a company right away via our formations partner, Duport, or search Google for "company formation" for literally hundreds of agents.
3. Your Accountant
A large number of contractors prefer to set up a company via their accountants as this is a hassle-free process.
In many cases, your accountant may even include the incorporation costs if you sign up to their monthly service.
Other accountants will apply a one-off set up charge rather than absorbing the costs into the standard fee.
Either way, your accountant should let you know upfront how much your company incorporation will cost.
Visit our directory of contractor accountants
Contractor Services
- Professional Indemnity Insurance - Essential cover from Hiscox
- The fair umbrella company - take home more pay with paraplus
- InTouch Contractor Accounting - specialist online service & great advice
- Parasol - the UK's favourite umbrella company
- Contract Experts - ClearSky Accounting on 08000 325 326
- Helix Management Ltd - Up to 90% retention. Same day payments.
- Umbrella Company - 12,000 contractors can't be wrong!
- Together we're stronger! - Join PCG, representing contractors
- Cloud 9 Group - Umbrella Solutions only £27.50 per week
- Qdos - IR35 experts - Providers of low cost contractor insurance
- K & B Accountancy Group - Fixed fee contractor accounting only £75pm
- Free IR35 & Tax Review - Call ICS on 0800 195 3750
- Contractor Mortgages - the best deals, based on your contract rate alone!
Related Articles
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
