What is the recommended company type for a software developer?

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Hello

I am a software engineer based in London. I would like to form a limited company here, but I am not 100 percent sure what type of company is most suitable for this type of business. Do you have any advice for me?

Thank you

Answers

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A limited by shares company would probably be the best option. You can set it up on your own or with other people, you can sell shares to raise capital or bring in a business partner at some point in the future (if you want), and you can manage your income tax-efficiently by taking most of your take-home pay as dividends.

If you’re unsure, do talk to an accountant and they will be able to provide tailored advice and talk you through everything.

a year ago
 

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