Limited Company Formation
When becoming a contractor, there will be several ways that you can choose to operate. One possible route that should be considered would be to work as a limited company director. If you are looking to be contracting for over three months and are earning more than 25,000 annually then a limited company may be more suitable as you will benefit most from the tax planning opportunities available.
We can offer guidance which will help towards setting up a limited company which you can take a look at on our website.
As a contractor, there are various insurance covers that you are required to have by law. Insurance is essential for any business and will protect you.
Dependant on how you may be working, there are a few different types of insurance that you will need to keep in mind. Professional indemnity insurance, public liability insurance, employer liability insurance and cyber and data risks insurance should all be considered when becoming a contractor.