Today was, truly, momentous!
I received confirmation from HMRC – Her Majesty’s Revenue and Customs, no less – that my businesses are officially incorporated as Limited companies.
My online e-commerce business and my lil baby marketing company officially exist!
Because of the costs involved in running a limited company, I will actually put them into dormant mode, as soon as the paperwork arrives from HMRC (I’ve been told I can do that and I sure hope I can).
Then I’ll continue to run them both as a sole trader, until I earn enough to warrant having an accountant and doing all the regular accountancy shenanigans that a limited company would require. But at least the names will be registered.
So exciting to receive the Certificate by email, and quite emotional too… 🙂
Our renovation business has a second employee!
The wonderful A has joined us, initially for 2 hours a week to do the paperwork, filing receipts, completing jobs and so on.
Actually it’s a role that I think will start basic but grow.
A is a formidable character who won’t be afraid to demand receipts/accounts/details from D and I – and we’ll be scared enough of her to make sure we deliver them. Just who we need to move our business forward.
I felt quite proud as I sat with her today and went through our systems. We really do have the foundations right. My very basic spreadsheets all make sense and even my colour coding didn’t look too frivolous. Now we just need to continue putting the bricks into the walls in the right order and keep building this baby 🙂