Hi All, I was recently recommended to come join this community as I am wanting to leave my current role which is mostly overseas and come back to the UK.
I have a job offer contracting close to home but because of the circumstances and details around the offer, I am unsure if LTD or umbrella, or simply self assessment would be the best approach.
I would be leaving full time work to accept this offer: 3 month contract on a agreed day rate to help an organisation achieve a piece of work. If that work is done well, they claim to have 18 months funding secured to offer an additional 18 months on a fixed term contract.
So this would initially be 3 months contracting followed by 18 month employed.
When I see this, I think setting up a Ltd and going down that road might be too much effort for just a short 3 month contract and think I might consider umbrella for that period.
On the flip side, there is no guarantee I am offered the 18 month work as a fixed term and so I may move onto another contract, which obviously means having an Ltd set up would be beneficial.
So in a nut shell, i'm trying to understand how those of you with experience would handle this decision, would it make sense to set up an ltd even for 3 months. In regards to day rate in case that impact the advice, the day rate will be on the higher end of the scale.
I appreciate any advice you can offer.