Episode 8 | Guide to setting up a limited company for small businesses

Mum & Son On The Money Podcast

Monday, 31 August 2026 - 52 minutes

In episode eight of **Happy Days – Mom and Son on the Money**, Lorraine and Travis from Happy Days Accountants are joined by special guest **Tori Snell from Tori Snell Psychology Limited** to talk about the process of setting up a limited company.

Tori shares her experience of moving from being a sole trader to becoming a limited company, including why she made the decision, what the process was like and how having an accountant alongside her helped make the transition much less daunting.

The conversation covers some important issues for anyone considering setting up a limited company, including Companies House requirements, identity verification, authentication codes, directors' responsibilities, registered addresses, business bank accounts, tax, dividends and the importance of keeping on top of deadlines.

The team also discuss why setting up a limited company may not be the right choice for everyone, and why getting professional advice before making the decision can save you stress, money and potentially some hefty fines.

Plus, there's plenty of the usual **Mom and Son on the Money** banter, including air conditioning, getting older, holidays, and what the team have planned for the month ahead.

#HappyDaysAccountants #MomAndSonOnTheMoney #Accounting #Accountancy #LimitedCompany #SmallBusiness #BusinessAdvice #SoleTrader #Entrepreneur #CompaniesHouse #BusinessGrowth #ToriSnellPsychology