Hello.
First time poster here. I am in a similar situation as the OP of this thread. Unfortunately that thread leaves me with more questions than answers. Hence I am posting a thread of my own.
I will be starting some work as a contractor with a US Corporation under my UK Ltd company. I have done a simillar sort of thing with a company in India in the past. My question is apart from sending an invoice to the company do I (or the company) need anything else legally. I will be working based in UK only. There is no travel requirement.
The last post in the above mentioned thread talks about the US company witholding 30% of contract quote, acquiring ITIN numbers, filling W7 and W8 forms? etc. Logically I don't think my company should have to do any of that? or should I? Also, the US company that I am going to be contracting for has asked me to sign a 'sub-contractor' agreement. Should I be signing such document? At the same time the US company has set the payment terms as Corporation - Corporation meaning the payments will be settled between the companies (their US INC company and my UK Ltd Company)
Just to sum up my questions.
1. What are the legal requirements in my situation described above for myself and the UK Ltd company?
2. Does the US company need to withold 30% of the amount quoted on the invoice to the company?
3. Do I or the company in anyway need ITIN, W7, W8 etc?
4. Should I be signing the 'subcontractor' agreement with US company as I am doing this as a UK based Ltd company?
Thank you very much for your time, help and advice.
First time poster here. I am in a similar situation as the OP of this thread. Unfortunately that thread leaves me with more questions than answers. Hence I am posting a thread of my own.
I will be starting some work as a contractor with a US Corporation under my UK Ltd company. I have done a simillar sort of thing with a company in India in the past. My question is apart from sending an invoice to the company do I (or the company) need anything else legally. I will be working based in UK only. There is no travel requirement.
Originally posted by IainNicol
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Just to sum up my questions.
1. What are the legal requirements in my situation described above for myself and the UK Ltd company?
2. Does the US company need to withold 30% of the amount quoted on the invoice to the company?
3. Do I or the company in anyway need ITIN, W7, W8 etc?
4. Should I be signing the 'subcontractor' agreement with US company as I am doing this as a UK based Ltd company?
Thank you very much for your time, help and advice.
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