Starting as contractor with full-time employment

[PazzoRilancio]

Hi There,

Asking a question on behalf of my girlfriend, who has just finished University and is setting herself up as a contractor (granted, this is for freelance writing work, but I'm hoping you guys will be able to help).

She's currently got the odd bit of work getting offered to her and they need her to invoice them, thus she's setting herself up as a private ltd company and as a director. The money is small and the work is also quite flexible.

Meanwhile, to get some steady income, she is looking for some full-time employment while she builds up her portfolio and experience.

Does this cause any difficulties or complexities? Is there anything that must be considered?

Thanks!

Josh

[stek]

Better as a sole trader IMHO, ltd not needed and a big cost and effort burden in this sitch.

[northernladuk]

Maybe a chat with an account would be in order?

[SarahL2012]

I know an engineer in a permanent (engineering) role who runs his part-time photography business through a limited company. The only problem he has is getting money out of the limited company because he's a higher rate tax payer in his perm job so dividends are subject to extra tax.

His solution at the moment is to leave the money in there, charge as much to the Ltd Co as he can get away with and wait for a lottery win so he can give up the day job. (or wait for redundancy - which is more likely!)

[LisaContractorUmbrella]

Maybe a chat with an accountant would be in order?

[northernladuk]

Meh... and there is me on a grammar mission with all the advice/advise mistakes going on this week.

You are supposed to correct it then bold it by the way...

[LisaContractorUmbrella]

Meh... and there is me on a grammar mission with all the advice/advise mistakes going on this week.

You are supposed to correct it then bold it by the way...

I know that's why I did it

FTFY

[SueEllen]

I know various freelancers.

To be honest if she is earning a low amount there is absolutely no point in starting a limited company as the costs out way the benefits.

Once she is in employment if she is a higher rate tax payer there may be an advantage of using one.

[TheFaQQer]

I know various freelancers.

To be honest if she is earning a low amount there is absolutely no point in starting a limited company as the costs out way the benefits.

Once she is in employment if she is a higher rate tax payer there may be an advantage of using one.

outweigh

[Scrag Meister]

Te speling nda gramer plice r in teh hous.