Limited company setup for husband and wife who are both IT contractors

[Craig@Clarity]

Consider the commerciality of the set up too from an insurance point of view and any possible claims against either of your work and how that may affect the others contract or position. As a general rule of thumb, I'd offer a suggestion to keep things nice and simple and each have your own limited company.

Nothing personal but I always ask the question "do you trust your partner?" if it's a spouse + spouse set up under one limited company. I've seen many a times when the answer is yes but then it goes sour and the whole thing gets a little messy when splitting assets etc. Same goes for non-relationship structures where you have two mates joining going into venture together. Under those circumstances, I always suggest a proper shareholders agreement in place "just in case".

[northernladuk]

Consider the commerciality of the set up too from an insurance point of view and any possible claims against either of your work and how that may affect the others contract or position. As a general rule of thumb, I'd offer a suggestion to keep things nice and simple and each have your own limited company.

Nothing personal but I always ask the question "do you trust your partner?" if it's a spouse + spouse set up under one limited company. I've seen many a times when the answer is yes but then it goes sour and the whole thing gets a little messy when splitting assets etc. Same goes for non-relationship structures where you have two mates joining going into venture together. Under those circumstances, I always suggest a proper shareholders agreement in place "just in case".

We will never get divorced, said every divorced contractor ever.

[Protagoras]

Over 20 years ago, my accountant's advice was to use one company, and this model worked out okay for the lifetime of the business.

OP's circumstances may differ, while the liability landscape is rather different these days, given possible ch.10 indemnities sought by supply chains.

[dl8860]

My lips are salviating with the thought of two people getting outside ir35 money into one pot !!

have one Ltd company. Leave as much in the company as retained profits and buy a property to generate retirement cash. I’ll give some more insights in the weekend

hope I do not get banned for helping others on the forum

This is the strangest post.

Your lips are producing saliva?
Why is two people generating income into a single LTD so much more lip lickingly good to you than two people generating that into two single LTDs?
If you are paranoid about the ban hammer to the point of writing passive aggressive things like the last line of this post then it's probably just a matter of time.

More insights to come on the weekend!?