Thursday, October 23, 2008

Your own limited company or umbrella company?

Loved this approach to help contractors decide whether to operate their own limited company or to use an umbrella company service:

"A simple overview of your two main options. No jargon, no selling just the plain simple facts. Find out which option will best suit you. Read this before deciding."

After the overview is this brilliant (if biased) summary:

Set up your own limited company if you:
* Have had training
* Are an accountant
* Enjoy administration & paperwork
* Understand complex forms
* Have nothing better to do of an evening or weekend than complete forms
* Believe biros will never replace fountain pens

Chose the Umbrella option if you:
* Want someone else to do all your work for you

With thanks to
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