Hi Loz, I can help if you have specific questions as I did loads of research into this a few years back and have helped other people out since then - so here's a starter for 10, sorry if some of it is repeated I have copied and pasted some of it from other emails I've sent people. Only benefit I am aware of re: off the shelf companies is that you can pretend you have been established longer than you actually have. No reason to pay anyone to set up the company - just do it yourself online with companies house. Be sure you know the differences between a limited company not sole trader and why you want to go the limited route - it is definitely advisable in many situations but not always necessary. The official stuff isn't hard, ie filing papers to set up a company and filing a return once a year with Companies House. It's all the ongoing regular stuff that can be a bit of a pain. PAYE/NIC payments, VAT payments, getting everything done in time for the accountant to file for you, checking what the accountant has drafted, thinking about what you pay for and what the company pays for, thinking about tax efficiency, buying equipment through the company, ensuring receipts are in order, printing everything out in case of an audit (eg buy something online and print out the invoice/receipt). Remember also, you do have director liabilities even though they are "limited." Hassle can come from things like bookkeeping, receipts, (you hardly have any if you are a contractor but I have travel, equipment, business development/entertainment, stationery, subsidence etc) marketing stuff (design, make, buy, use, keep up to date), accountant costs and liaison with them for corp tax return as well as personal tax return, professional services when I outsource etc So it requires a certain level of organisation/discipline - no big deal if that sort of stuff comes naturally to you but I know some people who were very used to being a "well looked after employee" who found the trials and tribulations of filing an annual company return too much effort! (I'm being sarcastic to make a point, it really is easy if you can be bothered...) It's just administration, so it's perfectly do-able for anyone who can keep a straight head and spare the time. Here's a site I found the other day when looking up a specific question - there is plenty of advice out there, google is your friend, but I thought this site was well explained. http://www.companybug.com/form-a-limited-company/ I use complete formations for my registered office and have had no problems with them at all and find them reasonbly priced so if you did want to pay someone to set the company up for you I can recommend them (I have no other connection) I prefer to have a different registered office address from my home address so that my home address (which is my regular trading address) is only made public to people I am choosing to trade with. I personally advise everyone to register for VAT even if your turnover is below the threshold as it makes you look like a more professional outfit, but suitability of that will depend on the nature of your business, I'm usually talking about corporate / professional services scenarios.