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Moving from Sole Trader to Limited Company

Moving from Sole Trader to Limited Company.

In this guide, we’ll assume you’ve done some research into becoming a
limited company and have decided it’s for you.

This eBook will therefore talk you through the steps required to make the
switch, and guide you through changes in paperwork and bookkeeping
you’ll face.

As a quick refresher to the advantages and disadvantages of incorporating
your business (just in case you’re still on the fence), visit our KashFlow blog
on the topic

Having problems? please contact [email protected]

What’s inside the guide

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Getting Started

If you’ve weighed up the pros and cons and decided that being a limited company is for you, then these will be your next steps:

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Registering with HMRC

Once everything’s in order, you can register with Companies House (the government body responsible for incorporating and dissolving limited companies).

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Who else needs to know that you’ve incorporated?

Once you start trading as a limited company, you’ll be operating as a new entity (and may have a different name).

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Registering for Corporation Tax

You’ll have to register for Corporation Tax within 3 months of you starting to trade through your limited company. If you don’t, you could face a fine.

See how IRIS KashFlow works with your business and your books