Decisions, DecisionsPosted: Sat 14 September, 2013 | |
So, as well as everything else, I’ve got a number of projects ongoing for which I’d now (I think) like to form a limited company again.
I know the company name is available, I already own the relevant domains etc. It’s just a question of whether I actually do go down the route of limited company – which has its own issues with paperwork, accounts etc. – or whether I just do it as a sole trader.
In general, I prefer the limited route, and I’m safe again to be a director now the Bankruptcy has discharged. But I need to decide which will work best, and how it will all combine to work. I know that with a Ltd. I can also use it for my contracting etc., although that tends to make the company very profitable very quickly. Might be a good thing, might not.
And of course some of it will also come down to whether any of the main banks will let me have a business bank account, what with only being a month out of Bankruptcy.
It makes more sense (kind of) to start on this kind of venture in January, start of a new year and all that. I need to think about all of these things for a while before making the decisions on where I’ll be heading. And that’s some of what this weekend will be about, I think.