If it’s time to set up your property investment as a Limited Company, the experts from GetGround explain how to go about it
Is the buy-to-let property market a good investment?
Property isn’t just the world’s largest asset class (valued at over $326tn) – it’s also one of the most resilient. Just 18 months after the 2008 financial crash, for example, UK buy-to-let had actually grown by 5%. This makes it a particularly attractive investment in times of financial uncertainty.
It also offers instant ROI in the form of rental income, as well as long-term capital appreciation. So investors stand to benefit in both the short- and long-term with UK buy-to-let.
How can GetGround help me set up a limited company?
On the GetGround platform, we’ll guide you through the process of designing a perfect limited company in just half an hour. That includes:
- The correct SIC code
- A business account, for all your payments
- A registered office address
We’ll also handle the legal documentation, all built specifically for buy-to-let investment. This way, you can be confident your investment is totally protected.
Got questions? We’ll be on hand to answer them the whole time – by phone, email, or even in person.
See also: Property Rental Returns on the Rise Again?
How long does it take, and how much does it cost?
Designing your limited company only takes about half an hour. And, provided your quick identity check goes smoothly, we’ll aim to incorporate your company within two days.
Setting up a company with GetGround costs £149 + VAT for UK residents (£499 + VAT for non-UK residents), and £19 + VAT per month for ongoing accounting and company management.
What day-to-day services can GetGround provide?
For just £19 per month (plus VAT), GetGround:
- Prepares and files your end-of-year tax returns
- Provides a virtual business address
- Sets up & supports your business account
- Files your documents
And more besides. For smooth, laid-back landlording.
What’s the difference between standalone and holding company structures?
A standalone structure means owning shares in a company (an SPV) that owns a property. This is a simple setup for investors planning to buy one or two properties. Most GG landlords take this approach.
But a HoldCo setup means owning shares in a company that owns other companies. This structure lets you tax-efficiently reinvest profits from your SPVs, as all that profit stays within the group. For this reason, HoldCos are usually best for investors targeting large portfolios.
What other business services does GetGround provide?
GetGround means more than a perfect limited company. With GetProperty – the all-in-one investment experience – we’re simplifying the whole buy-to-let process from search to purchase. Here’s a taste of what you’ll find in GetProperty:
- Thousands of high-yield listings, from across the UK
- Mortgages up to 80% LTV, even for non-UK residents
- Bespoke property analysis
- Dedicated support at every stage
- Exclusive rates & discounts for conveyancing, property management, and more.
With GetProperty, buy-to-let becomes truly blissful.
Can I choose my own company name? Can I pay employees through PAYE?
Every GetGround company follows the same naming format, e.g. GG-123-123 LTD. Because we’ve agreed this format with Companies House, we can cut out the red tape involved with unique names, and incorporate your company much faster – often in under two days. For that reason, we don’t allow investors to choose their own company names.
All GetGround companies are set up for the sole purpose of owning property. This means they aren’t trading companies, and can’t employ people. For that reason, we don’t support PAYE payments.
What’s the story behind GetGround?
Two brothers, Moubin Faizullah Khan and Misrab Faizullah Khan, founded GetGround to bring the world’s largest asset class online: property.
Property is a $326bn asset class. But it’s also a byword for a slow, stressful experience – one where everyone has their own horror story. With GetGround, we’ve set out to turn horror stories into happy ones, by streamlining the whole investment process:
- Shortening the search for high-yield properties
- Putting the whole purchase process under one roof
- Making it easy to set up and manage a tax-efficient limited company
Because buy-to-let shouldn’t test your will to live.
Where can I find out more about GetGround?
Take a look at our website, or arrange a free consultation with one of our property experts.
