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Old 14-02-2006, 10:06 AM   #8 (permalink)
Brian Turner
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Join Date: Dec 2003
Location: Near Inverness, Highlands, Scotland
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Default Re: New Online Business

Quote:
Originally Posted by Red_Stafford
Also you have adviced me to start a limited company is there a reason behind this what is the difference between limited, PLC etc...
The difference is primarily one of tax liabilities for a small business - a sole trader company may benefit you more while your incomes are low, but once your profits start hitting the upper tax bracket, it may make more sense to have a limited company. Definitely a good idea to ask an accountant about this (they usually offer the first meeting as free).

Quote:
Originally Posted by Red_Stafford
Also does it make a difference when registering your company name I want to call it SMJ Computers does it make a difference if I register
smjcomputers or smj computers ? may sound like a silly question.
It shouldn't really matter - but many businesses find that their choice of domain name is very much limited by availability.
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