I have been on the bench for a few months and I am in the process of closing the last Limited Company down due to the company wanting a fortune in Dormancy costs.
I was about to start my own business - then out of the blue I have a contract offer for another year at a previous company -
Any advise - Whats the best solution to get me going again in the contract market but then take this package forward to start my own business next year.
I will be getting around 200 daily rate while contracting but this may fall considerably when I start my own company. Currently also involved in Affiliate marketing so income may come from various sources.
Initially I thought sole trader then umbrella - but suppose its got to be limited, and if Limited I wish to take a name that advertises me as a company - "IT services.co.uk " this way when I transition form IT contractor to running a business the name dictates my profession as an IT consultant.
What I am after is flexibility - income may be yoyo effect ? and I want know fees when there is no income.
any response appreciated.
JohnA
I was about to start my own business - then out of the blue I have a contract offer for another year at a previous company -
Any advise - Whats the best solution to get me going again in the contract market but then take this package forward to start my own business next year.
I will be getting around 200 daily rate while contracting but this may fall considerably when I start my own company. Currently also involved in Affiliate marketing so income may come from various sources.
Initially I thought sole trader then umbrella - but suppose its got to be limited, and if Limited I wish to take a name that advertises me as a company - "IT services.co.uk " this way when I transition form IT contractor to running a business the name dictates my profession as an IT consultant.
What I am after is flexibility - income may be yoyo effect ? and I want know fees when there is no income.
any response appreciated.
JohnA
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