Good morning all, I've been reading up on the world of contracting, and would appreciate some advice to point me in the right direction at this early stage.
My partner (as in g/f) and I find ourselves in the position where we want to start contracting work on a daily rate basis. I will be IT contracting, she will be offering market research. It makes sense to me for both of us to bill to one new company.
1) What would be the most beneficial type of company for us to start up? If it were a normal limited company, is it acceptable for me to be director, she to be secretary, and for both of us to bill against it? Or would we both have to be directors? In which case would an LLP be better?
2) I assume that if we both work for the same company, we only need one accountant for the company, rather than one each?
3) Does the fact that I am doing IT and she is doing research help me to steer clear of the IR35 laws?
Many thanks in advance for any help you can offer.
My partner (as in g/f) and I find ourselves in the position where we want to start contracting work on a daily rate basis. I will be IT contracting, she will be offering market research. It makes sense to me for both of us to bill to one new company.
1) What would be the most beneficial type of company for us to start up? If it were a normal limited company, is it acceptable for me to be director, she to be secretary, and for both of us to bill against it? Or would we both have to be directors? In which case would an LLP be better?
2) I assume that if we both work for the same company, we only need one accountant for the company, rather than one each?
3) Does the fact that I am doing IT and she is doing research help me to steer clear of the IR35 laws?
Many thanks in advance for any help you can offer.
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