Mistake when registering

[Louarmish]

Hi,

Thanks in advance. I have recently started an online tutoring business and have nearly earned enough to register as a sole trader. Last weekend I decided to declare myself employed. I ended up registering as self employed and as an LTD (panicking! I look back and think what on earth was I doing). I don’t want the LTD. I can’t ring HMRC til Monday and the social media’s teams advice was to ring - does anymore have any advice? (I am panicking!)

Thank you,

Lou

 

[Needhelp]

Surely just trade under your self-employed status and do nothing with the company? That way you can close the company down, or correct your mistake, and everything should be fine?

 

[lookingforadvice]

You may be able to leave the limited company open if there's a chance you might use in the future but keep it as a non-trading company for more now. As a consequence, I don't think you would need to submit report and accounts.