It costs just £12 to register your limited company online at Companies House, but you'll need to ensure you have all the correct paperwork and legal documents before you start. That's where it can be useful to hire an accountant in IM1 to help you set up your limited company to ensure you get it right the first time.

Some IM1 accountants will help you set up your limited company for free if you sign up for their monthly services to deal with your company accounts. The average one-off fee for setting up a limited company is £300, but it varies across the country - see how much it could cost you in IM1.