I currently have a ltd company that I'm joint share holder with 2 other people. The company isn't generating as much profit as we'd like so we are doing other things outside the company to boost income.
It looks like I may be going back contracting for a while and wonder if there's a way to do the invoicing through the company without sharing the profits (divies etc) with the other share holders. This would also have the benefit of the company having multiple revenue streams so IR35 wouldn't be as much of an issue as it would be if I set up another company for myself.
Bottom line is if I get a contract I want to keep the proceeds for myself but wonder if there's a way of doing this through a company I don't wholly own.
Any thought or ideas?
It looks like I may be going back contracting for a while and wonder if there's a way to do the invoicing through the company without sharing the profits (divies etc) with the other share holders. This would also have the benefit of the company having multiple revenue streams so IR35 wouldn't be as much of an issue as it would be if I set up another company for myself.
Bottom line is if I get a contract I want to keep the proceeds for myself but wonder if there's a way of doing this through a company I don't wholly own.
Any thought or ideas?
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