simontrl

4 ms·

1.
by simontrl 4y ago
> You could retain ownership and rent it to your company. Sell it in return for debt, etc... For example maybe you sell your SaaS to the business for £20M then forever the company is repaying debt to you, instead of paying dividends. Thi
2.
by simontrl 4y ago
Thanks! I read the link but not sure how to apply it here, can anyone provide an example for my scenario above? How do I get a safe evaluation of my solo SaaS? How does my new company buying the SaaS with money or shares work when the compa
3.
by simontrl 4y ago
Thanks, I was expecting a lot of "talk to an accountant" replies but you can't go into that blind imo because you need some base knowledge to ask the right questions and detect bad advice.
4.
by simontrl 4y ago
Makes sense but I already have several years of experience using Freeagent by myself, and there's lots of accountants that advertise they use Freeagent too. If I don't need a specialist accountant, finding one that uses Freeagent
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by simontrl 4y ago
> You (based on your description) do not have an existing liability that you're looking to minimise So I've not borrowed any money, or bought anything over the years for business use besides domain registration, email hosting,
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by simontrl 4y ago
Can you recommend any packages here? I'm considering VAT registration too. I think for the sake for ~£1K/year that can be expensed, having an accountant deal with it and advise here is a no-brainer in terms of time saving and havi
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by simontrl 4y ago
The consultancy work is fairly low risk and would be covered by business insurance. Two Ltds would mean paying double the accountancy costs, getting two business current accounts, and a bit more personal admin? It doesn't seem worth it
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by simontrl 4y ago
Any recommendations? The average I'm finding is more around £1300/year. Crunch is around £700 a year but I'd rather use Freeagent over their own software so I can switch accountant later if needed.
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by simontrl 4y ago
> I dont think you will sell your software to the company. Are there cases where a one-person Ltd should do something like this? > There are also awkward laws around consultants who look like employees. My consultancy projects tend to
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by simontrl 4y ago
> come from tax considerations: if you're not taking this action as an immediate tax minimisation strategy, you do not need to worry about things like goodwill valuations, selling your app to the company Can you explain more why thi
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Ask HN: Moving consulting work and SaaS income from sole trader to UK Ltd?
13 points by simontrl 4y ago|24 comments