Advice - Starting an online service, company registration and such ...

I'm gearing up to launch an online hosted service, effectively a Saas service. Without going in to too much details, think of it being something along the lines of a basecamp style service, that allows you to pay a monthly (or yearly) fee for a hosted service that simplifies "something" (the "something" being the part I dont wish to reveil at this stage).

It's a potentially niche market, however my research in the field suggests that its an area that needs something like what we've made as there are currently ZERO competitors. I also know its in demand as it was developed at the request of one of the key players in the market, who allowed me to retain ownership to resell it in exchange for a cut of the profits.

Now, the software side of things are pretty much done, and I'm almost ready to launch. I've recently brought in a friend who will be running it with me.

My question is, after having a (very) bad experience with running a preview LTD company (without going into too much detail, I had an accountant who repeatedly failed to file documents on time, poor communication, etc) and it kind of tarnished the experience of running a company for me.

Could I maybe start this off under my existing self-employed work, and the based on how well it takes off, move to a LTD company within a month or two of it launching? Or should I just bite the bullet and get it registered from the offset?

Source: http://www.ukbusinessforums.co.uk/forums/showthread.php?t=287428

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