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Managing money when a limited company

Mangohornet

Mangohornet

Messages count : 5
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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.

Thanks

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