This is the most popular choice to contract through.
We have acted for many personal service companies over the last 20 years.
- The contractor is the “person”, the “services” is his/her labour, and the trading entity is a “limited company”.
- The contractor becomes a shareholder, director, and employee of the limited company.
- Proper tax planning from a professional accountant is essential.
This option may not be suitable for :-
- Individuals on low contract rates
- Individuals who are uncertain whether or not contracting is suitable for them.
Individuals who do believe that their future is in the business of being a “contractor” will almost
certainly be financially better off by setting up a personal services company than any other option.
We would recommend you contact us for an initial chat to help you decide on your best option.