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Comment by TamDenholm

To be clear, in the UK, setting up a Ltd company is incredibly simple and easy to maintain.

It costs £12 and takes about 20min to create. Then you get a bank account with startling/monzo which is very simple (easier than high st banks). All tax is done online which again is fairly simple. Sign up for freeagent (or another accounting package) and just keep on top of your accounts. When it comes to filing your annual accounts and confirmation statement, again its all incredibly simple and can be done yourself without the need for an accountant as you'll qualify for mico-entity accounts and freeagent handles it for you. Or you can pay roughly £1200-£1500/yr to an accountant and have them do it for you.

Its honestly not hard at all, happy to answer anyones questions on the matter.

parent TamDenholm 3 years ago

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