New Company Set up

Hi Glenn

We are moving from Sole Trader to Limited Company so understand we will require a new company. The question is we will still keep the sole trader, so was thinking of the Affinity programme so do I register the new limited company under Affinity registration and then import the sole trader one?

Also would we continue invoicing from the number we last used in our sole trader account or commence from invoice number 1?

Regards

Andy

Why would you keep the sole trader account? Sounds like you are planning to use the Ltd for works going forwards so why not just shut the sole trader down and use a trading style under the main Ltd company name if you want to keep the brand.

You can commence from whatever you want. As long as it is sequential then it doesn’t really matter, personal preference really.

The company is formed in two parts, one VAT registered and one not, also we would need two accounts until all the outstanding payments are accounted for

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