will7

Well, recently I have been considering setting up as a Private Limited Company. I am quite knowledgable in business but still have a few questions:

1) When I register, how would tax go? Would I only be taxed on profits made from the Limited formation date or from all profits before that as well?

2) What does the secretary need to do? Because I need one, could I just make my mom the secretary and give her a 1% share in the company and me a company director with 99% share?
????: NamePros.com http://www.namepros.com/business-development/82766-registering-as-a-limited-company.html

3) Is using an online registration company such as www.uk-plc.net a good option and will it all be legal?

4) Someone told me that, if I was to become a Limited COmpany (Private or Public) then I could sign legally binding contracts on behalf of the company (as a company director) even though I am under 18. Is this true?

If you think there is anything else I need to know, please tell me! Thanks guys!

Will.

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