[Shyam]

Originally Posted by Jon Hills

Oh and how profitable are these sign up referal sites? How's it going for you?

Well, the first one had no advertising at all, and made me enough profit to make me want to spend money on another now :P

[Andy Trish]

what are the reasons for going limited?

[Shyam]

Originally Posted by Andy Trish

what are the reasons for going limited?

Accountant said it would definitely be beneficial (if profit of over £5000) after taking into account his fees.

[Shyam]

Just registered company and actually, the accountant said it would be best if I wasn't a director/secretary in my company because it would mean I'd have to file a tax return (which I wouldn't otherwise) which in turn would cost around £100, so just better of leaving my parents as director and secretary..

Can anyone else clarify on that?

In regards to the bank account, I'll probably go with Lloyds TSB, having taken into account the rates as well as convenience. Alliance & Leicester is good but don't like the £1000 minimum deposit each month!

[James Smith]

Just thought I would raise my eyebrows rather highly at:

"Accountant said it would definitely be beneficial (if profit of over £5000) after taking into account his fees."

and: "the accountant said it would be best if I wasn't a director/secretary in my company"

Are you sure? All sounds rather odd advice to me.

Do remember that "accountant" is not a restricted term, the word "chartered" is restricted by entry into a professional regulated body. I should point out for balance that there are fortunately lots of good unqualified accountants out there and some pretty poor chartered ones too before I start a bun fight. Our profession is a bit of a mess quite frankly from that point of view in that you can fail your exams, and/or get kicked out of your professional body, and then just start up/carry on your business anyway!

[Shyam]

I just quoted what he said.. if you could give me details on how he is wrong I can take it up with him, otherwise I can't really.. :S