Two contractors - One LTD ??

[Lance]

All good points but all based on being bum on seat contractors rather than running a real business.

This dilemma is a microcosm of LTD company contractor.

It did used to be that if two earners worked for the same LTD. it was a positive pointer towards being outside ( the old business entity tests).

There is no right or wrong though so seek professional advice and consider the points mentioned.
Also consider death of one of the individuals involved as that too has a bearing.

[LondonManc]

All good points but all based on being bum on seat contractors rather than running a real business.

This dilemma is a microcosm of LTD company contractor.

It did used to be that if two earners worked for the same LTD. it was a positive pointer towards being outside ( the old business entity tests).

There is no right or wrong though so seek professional advice and consider the points mentioned.
Also consider death of one of the individuals involved as that too has a bearing.

That reads as very sinister first time round....

[Madge67]

Fabulous advice and lots of food for thought so thank you for taking the time out to reply - off to speak to an accountant next.

[northernladuk]

It did used to be that if two earners worked for the same LTD. it was a positive pointer towards being outside ( the old business entity tests)..

I'm not sure it does. The only one that comes close was 'Assistance test - Does employ workers who bring in 25% of turnover? (Yes = 35pts)' which isn't just having two separate contractors, neither employed so I thought this was no help to us.

But it died in 2015 so whatever.

[m0n1k3r]

Were it not for agents often being awkward and stupid I would have suggested the same but I've had difficulty with agents in the past over the fact Mrs Eek is a director and 50% share holder.

And you don't want to lose a 6 month £50k contract for want of a stupid agent.

You don't want to work with a stupid agent because they are likely to do other stupid things.

[oilboil]

You don't want to work with a stupid agent because they are likely to do other stupid things.

Ideally you don't want to work with an agent, as I'm yet to find one that isn't capable of doing stupid things without warning

[Paralytic]

Ideally you don't want to work with an agent, as I'm yet to find one that isn't stupid

FTFY