Managing money when a limited company



Messages count : 5
Likes count : 0
Registration : 30 April 2007
Contact in PM
Hi (again!)

Can anyone offer any advice on managing money when running a limited company?

I've made up my mind that it's the way forward for me but am unsure about the logistics of paying myself too little to actually live on month to month in advance of declared dividends.

Do people use money already saved or interest free overdrafts to cope with the shortfall etc? Any practical tips or advice from people running companies would be much appreciated.


FreelanceUK has moved to Free-Work

We would like to welcome you to Free-Work, an international platform dedicated to supporting IT freelancers and contractors with their professional journeys in the tech industry.

FreelanceUK news, guides and resources, including the forum, have now moved to Free-Work, where we will continue to report on everything from tax issues and market demand to freelancing tips and technology trends. You can also search the latest IT contracts and freelance tech job opportunities on our jobs page.

💡 Good to know: Your forum profile remains the same. To login, nothing could be simpler, all you need to do is use your email linked to your FreelanceUK account and your password.

Enjoy your visit!

The Free-Work team