If you decide to set up a limited company with other people – either for contracting purposes, or to run another type of business, how do you ensure that all of your shareholders (including yourselves) are protected in case something goes wrong? A well-drafted shareholders’ agreement might be the answer.
Business Structures - Limited Company
Most professional contractors work via their own limited companies. It remains the most tax-efficient business structure, despite the April 2016 dividend tax hike.
Company directors have more paperwork and legal obligations than umbrella company contractors, but in reality, a specialist accountant can take care of these administrative duties for you.
- Limited company basics - how to set up a company, and the responsibilities you have as a director.
- Limited vs. Umbrella - find out more about the advantages and disadvantages of each business structure.
- For more in-depth guides to setting up and running a limited company, visit LimitedCompanyHelp.com.
In what sense is your liability limited if you run a company?
One of the main attractions of contracting via your own company is that the liability of its shareholders is limited. So, to what extent is the liability of company directors limited?
Why it is hard to secure contract work as a sole trader
Why recruitment agencies and end-clients are unlikely to hire contractors who do not work via either a limited or umbrella company structure.
Limited companies – a complete guide for contractors
Many IT contractors work via their own limited companies. There are a number of benefits to incorporating; we look at how the formations process works, and what it means to be a limited company director.
Being a limited company director – the basics
If you decide to start trading via your own limited company, you may at first be put off by the perceived ‘hassle’ associated with being running the company, and becoming a director. However, if you hire a reputable accountant and undertake some basic administrative tasks, you should find that you can manage your company’s affairs […]
10 things you should know before setting up a limited company
If you have decided to trade via your own limited company, you have to submit an application to Companies House, the registrar of companies. Here, we’ve listed 10 bits of information you need to collect in advance to ensure your formation can be processed correctly first time.
How much ‘hassle’ is involved in running a limited company?
If you’ve chosen to set up as a limited company contractor, how much admin work will you have to undertake? In truth, there’s not as much ‘hassle’ as you might imagine, especially if you hire a good accountant.
Limited or Umbrella Company?
Which type of business structure should you use? A basic overview of how limited and umbrella companies work, and some of the pros and cons of using each stucture.
What are statutory records, and why should you maintain them?
If you’re running your own limited company, there are a number of records the directors are obliged to keep. Here we explain what these registers are used for, and what types of information they contain.
How much does it cost to set up a limited company?
There are several ways to set up your own limited company; via an accountant (a popular way), via a company formations agent, or direct with Companies House. Here we look at the typical costs associated with each option.
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