Is a Limited Company the right option for me?
If you are likely to earn at least £30,000 a year; are planning on contracting, freelancing or consulting for the long term, and are outside IR35, then setting up as a limited company is probably your best option.
If you are likely to earn substantially more than £35,000 a year, but are only planning to work this way for a short period, then you may also benefit from setting up as a limited company.
Find out more about starting a limited company.
If you don’t fit either of these criteria, then you may be better off as a sole trader, or working through an umbrella company. Although Venture Accounting only work with clients who set up as a limited company, we are happy to offer you advice – just contact us.
< View all FAQs