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Ep02 - Setting Up Your Limited Company the Right Way
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In the second episode, Nicola walks you through the practicalities of setting up your Limited company. From choosing a company name and share structure to registering with Companies House and HMRC, she shares the steps you need to take and the pitfalls to avoid.
You’ll learn why opening a separate business bank account matters, how to decide on share classes, and why getting the paperwork right now saves headaches later.
As an accountant who supports owner‑managed businesses every day, Nicola provides clear guidance and real‑world advice. If you’re ready to turn your business into a Limited company – or want to check you’ve done it correctly – this episode gives you a checklist of essentials.
What You’ll Learn:
- The key steps to set up a Limited company and register with Companies House and HMRC.
- How to structure shares, choose a name, and open a separate business bank account.
- Practical tips to avoid common formation mistakes.
Resources & Links:
I’ve written a book that expands on the topics in this podcast and comes with a companion guide. Learn more at www.thenumbersquarter.co.uk/book.
About the Podcast:
The Balanced Business – The Director’s Handbook is a 12‑part podcast series hosted by Bedford‑based Chartered Accountant Nicola Hageman. Designed for UK small business owners and company directors, the podcast explains how to run a Limited company with more clarity, confidence, and control. Each episode covers a practical topic – from choosing your business structure and staying compliant with HMRC to budgeting, VAT, systems, and delegating. The series is based on Nicola’s book and companion guide, available at www.thenumbersquarter.co.uk/book.
About Nicola and The Numbers Quarter:
Nicola Hageman is the founder of The Numbers Quarter, a friendly and approachable accountancy practice based in Bedford. She specialises in helping owner‑managed businesses grow their profits, plan for the future, and reduce stress. Nicola is known for her plain‑speaking advice and passion for aligning personal and business goals.
Connect with Nicola:
- Instagram – www.instagram.com/nicola_hageman
- LinkedIn – www.linkedin.com/in/nicolahageman
- Website – www.thenumbersquarter.co.uk
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