We’re delighted to announce that on 7th September at 11am we’re hosting our latest webinar – ‘How to Take Money out of a Company’.
Inspired by one of the most common questions we receive here at 1st Formations, we want to demonstrate how you, someone who is running their own business as a limited company – is able to take money out of it, in a way that is legal and tax efficient.
Spoiler alert…because you and your company are separate legal entities, it’s not as simple as just withdrawing money from your company’s business bank account.
Join Nick Campion and Liam Dargan for this free webinar where they’ll cover what you need to know about taking money from your company, in terms that all business owners can understand – whether you formed your company ten years ago or ten minutes ago.
So, how can I take money out of my limited company?
Generally, there are four ways that you can take money out of a limited company:
- Director’s salary
- Dividend payments
- Director’s loans
- Claiming allowable expenses
Nick and Liam will look at the key things you need to consider when extracting money via these methods. For example:
- What makes a dividend illegal?
- How much tax do company directors need to pay?
- What happens when a loan account remains overdrawn?
And how, by using a mix of these, you can operate your business in as tax-efficient a way as possible.
Everything will be presented in an easy-to-digest format, with practical examples as well as the opportunity to ask questions.
If you want your business to make a profit, and you want to be rewarded with some of these profits, you really don’t want to miss this.
How can I register for the webinar?
Click the link below and complete the short form (all we need is your name, email address, country where you’re located and organisation name). You will then receive a confirmation email which includes a calendar invite. We’ll then send email reminders 1 day before and 1 hour before the webinar.
As with our previous webinars, we love to field questions from our audience. Submit your questions now by leaving a comment on this post!
Watch our previous webinars
We’ve already hosted four webinars, all focusing on key areas of running a limited company. You can watch them all now by clicking on the links below. Enjoy, and if you have any questions about the topics covered, feel free to leave a comment directly on YouTube or on this blog.
Life After Incorporation
So, you’ve formed your company, now what? Join us as we look at what you can expect to receive from Companies House, your tax, banking, and insurance requirements, the filing dates you must know about, and much more. Watch ‘Life After Incorporation’ now.
Getting Through Your First Year
This is a crash course on how you can ensure your business survives year one, including why you must have a business plan, how to manage your budget, what to do to stay compliant, and tricks to attract the best talent. Watch ‘Getting Through Your First Year’ now.
The Roles and Responsibilities of Directors
When you form a limited company you open yourself up to a number of roles and responsibilities that you are legally required to adhere to. But don’t panic, here you’ll find a comprehensive look at everything you need to know about being a director. Watch ‘The Roles and Responsibilities of Directors’ now.
Bringing on a Business Partner
Are you thinking of onboarding a new partner to your business? Hold fire and watch this first. We cover, how to identify the partner that’s right for you and your business, the level of control to hand over, deciding on the partner’s position, planning for disputes, and more. Watch ‘Bringing on a Business Partner’ now.
So there you have it
We hope you are able to join us on 7th September for our latest webinar, ‘How to Take Money out of a Company’.
Please leave your questions on the subject by commenting on this post, and remember to take a look at our previous webinars. Thanks for reading!