Hi,
I am new to contracting and doing my home work on how to set up a limited company. My husband is also contracting and we were thinking of setting up one limited company with both of us as directors.
I spoke to a couple of new client advisers and they advice that it's more beneficial if we set up our individual companies because our income would be more than 150,000 pounds per year. Whereas when I speak to one of a friends accountant, he does not see any reason why we should be part of different limited company.
Any ideas/thoughts/suggestions would be welcome. Please do let me know as I am really confused about this.
Thank you.
I am new to contracting and doing my home work on how to set up a limited company. My husband is also contracting and we were thinking of setting up one limited company with both of us as directors.
I spoke to a couple of new client advisers and they advice that it's more beneficial if we set up our individual companies because our income would be more than 150,000 pounds per year. Whereas when I speak to one of a friends accountant, he does not see any reason why we should be part of different limited company.
Any ideas/thoughts/suggestions would be welcome. Please do let me know as I am really confused about this.
Thank you.
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