Setting up a real consultancy

[JoJoGabor]

I do work occasionally for four guys who set up in this way, and get some decent bits of work in, even for investment banks. It can work.

They initially all had their own limited companies, I believe they simply billed the umbrella company appropriately to get their faire share.

Now they run as an LLP with a profit share which allocates a fair share of profits. I'm afraid I don't know the ins and outs of how this works, but will hopefully give you a starting point.

It -could- help with IR35 because as a collaboration you are probably more likely to say yes to some of the pointer questions, ie have you lost money to a client.

[Vandalay]

I'm working with a company who does this. Essentially, I run my own Ltd, but I'm 'affiliated' through their company and brand.

Their company is a partnership, but you could do it as a Ltd too.

If you're concerned about making the retained element a % why don't you just make it a flat fee - e.g. £20 per day per consultant