Forgot Password?
Not Register Yet? Register Here

Setup a Limited Company Online

Contractors normally prefer to trade via either Umbrella Company OR Limited Company. There are very few who would opt the Sole Trader route.

Of the above trading options, our experience says that, UK Contractors use Limited Company to trade more often. At ContractorDaily, we help Contractors & Freelancers setup their limited company online.

What is a Limited Company?

In simple words, limited company is a separate legal entity, with its own income and expenses; different from its Directors and Shareholders. A legal entity whose liability is limited by shares.

How does it work with UK Contractors?

When a Contractor chooses to operate / trade through a Limited Company, it is their company that gets into an agreement with the agency / end client; and not the Contractor himself. It is seen as, a Company providing service to another Company.

It also helps HMRC distinguish a Contractor from a permanent employee, thus reducing a great amount of IR35 risk. Hence, many Contractors prefer trading through a limited company when it comes to contracting. You'll find agencies insisting that you use a limited company for contracting.

How to setup a Limited Company?

Setting up a limited company is not that easy, and it is always advisable to use an expert's help because, at the end of the day, you wouldn't want to risk your income just to save a few pounds.

In order to setup a limited company, you would need to do 3 things:

1. Select a name for your Limited Company and check its availability at Companies House

2. Register your Company and make payment at Companies House

3. Set an office address - this will be your registered office address, for HMRC and Government to communicate with you

Companies house would normally charge a nominal fee of £20 to register your company and £50 for same day service.

If you're unsure about the process, simply fill in the form below and we will help you setup your limited company.

Please fill in the form below and let us do the rest:

  1. rgq5m
About Us

Contractor Daily is an information and news portal for UK Contractors and Freelancers. Besides news and information, we would be also providing services like Contractor Accounting, Mortgages, Insurance, Tax Planning, IR35 Review and other related services.

Copyright 2017. All content copyrighted by Website Design by ThinkWeb Solutions
We have updated our cookie policy to reflect new guidelines.