Once you solidify your business idea, learn about the basics and register LTD in Companies House, it's time to handle the cash flow. From where and how payments for services and products will be coming to you? Where will you keep business funds? How to manage and move them to your private account? This article is just about that.
At the time, when I was setting up my company in 2014, the online form was complex and detailed. The subpages with LTD guides were also, a bit different. As everything on the Internet, the Companies House portal is in constant development. Therefore, following screenshots and guide steps can differ from the most current version. Treat this article is like a road sign and not like a precise navigation.
In my honest opinion, setting a company in the UK is the best choice for freelancers. When in 2014, I started digging into the topic of LTD, I couldn't find high-quality guides, that would help me. Later on, I decided to gather all trustful data and sources in one place. The limited company gave me tremendous possibilities for growth and access to customers around the world. I hope that you will also gain this opportunity for business development.
I've made my tour manager licence in June 2009, at the time when it was still regulated by law. I needed to acquire vast knowledge and pass the three exams: on paper, in front of the committee and in the field. Failed many times on each of them, but finally, I passed. It turned out that the most difficult task was yet to come.