| ClearSky Accounting No nonsense advice on working tax efficiently, from £95 per month. Click here, or call 08000 325 326. |
You can set up a limited company right away via our formations partner, Duport
What is a limited company?
Aside from using an umbrella company, most IT contractors set up as limited companies.
The term 'limited' derives from the fact that the company's finances are distinct from the personal finances of their owners (unlike the sole trader arrangement).
It is very unusual for contractors to set up as sole traders.
Shareholders in limited liability companies are not responsible for company debts, although if required, directors may be required to guarantee loans or credit granted to the company.
Limited companies - legal requirements
The higher level requirements for limited liability companies are as follows:
| Our Partners |
|
Parasol PAYE umbrella Award winning service |
|
Contractor Accountants Full Service, Fixed Fee! |
|
Free Umbrella Company Save over £1400 p.a. |
|
ClearSky Accounting From £95 per month |
|
Fixed Fee Accounting Contractor Specialists |
|
Umbrella4Contractors Low fees, same day setup |
|
Free IR35 / Tax Review Call ICS - 0800 195 3750 |
|
Umbrella Co. Solutions Only £19.95 per week |
|
PRINCE2, MSP & M_o_R Maven Training |
| Contractor Insurance |
|
Hiscox Office Insurance Instant Online Quote |
|
IR35 Insurance Essential Protection |
|
Income Protection If you're unable to work |

| Contractor Services |
|
Compare Insurance Deals PI & Business Liability |
|
Contractor Ltd Company Instant online formation |
|
IT Contractor Pensions The last great tax break |
|
Private Medical Insurance Tailored contractor cover |
|
IT Contractor Mortgages Based on hourly rates! |
|
Protect Your Income Get a PHI quote |
|
IT Contractor Life Cover Protect your dependants |
|
Critical Illness Cover Comprehensive cover |
| IT Contractor Guides |
|
Contractor Umbrella Umbrella Co. Guides |
|
Limited Companies IT Contractor Guide |
|
Value Added Tax Concise VAT Guide |
|
Corporation Tax IT Contractor Guide |
|
IT Contractor Mortgages How to get the best rates |
|
Contractor Insurance Are you covered? |
|
Contractor Banking Choose a bank account |
|
IR35 Contract Contract review guide |
|
Dragonfly IR35 Important IR35 case |
|
IR35 Insurance Tax investigation cover |
|
Professional Indemnity IT contractor cover |
|
Umbrella Companies Links to key providers |
|
Overseas contractors Contracting on a UK visa |
|
Set up as a contractor Our start-up guides |
Stay up to date with our RSS feed | Terms of Use | About Us | Directory | Site Map | MSC Legislation | Income Shifting
Copyright © 2006-9, Contract Eye Limited, All Rights Reserved.
UK Contractor Guides, Contractor Accountants, Umbrella Companies, IR35, Insurance, Contractor Mortgages
Design by Blue Egg Web Agency