There is no clear cut time as to when you should start working through your own limited company. With other routes available-such as operating as a sole trader, or working through an umbrella company-it is always worth weighing up what is best for you and your circumstances.
With that being said, if you plan to work as an independent contractor for the foreseeable future, opening your own limited company at the early stages can maximise your opportunities for reaping the benefits of having your own company straight away.
There is no clear cut time as to when you should start working through your own limited company. With other routes available—such as operating as a sole trader, or working through an umbrella company—it is always worth weighing up what is best for you and your circumstances.
With that being said, if you plan to work as an independent contractor for the foreseeable future, opening your own limited company at the early stages can maximise your opportunities for reaping the benefits of having your own company straight away.
Book a free consultation to discuss if a Limited Company is the best company type for you.
We explain which contractor segment you might fall into. We walk through IR35 and the implications for you and how you may fall inside or outside of IR35.
This Outside IR35 Calculator for contractors estimates take home pay for contracts Outside IR35.
