Would you go self employed given the option?

[Jog On]

If it became possible to contract as self employed would you ditch the LTD/Accountant/brolly?

[MicrosoftBob]

No because ltd makes it easier to save money away for lean years, it's less tax efficient to do that if you're self employed

[mudskipper]

If it became possible to contract as self employed would you ditch the LTD/Accountant/brolly?

I was just thinking about that - it would be good to see a self employed option in any analyses of figures.

In practice, for most of us it isn't possible.

[vetran]

also some agencies / clients would sue you personally just because they could.

[d000hg]

If it became possible to contract as self employed would you ditch the LTD/Accountant/brolly?

Is that based on current financial set up, or in a scenario where it was financially equivalent?

[Jog On]

Is that based on current financial set up, or in a scenario where it was financially equivalent?

Scenario where it was legally an option not necessarily financial equivalent.

[Jog On]

I was just thinking about that - it would be good to see a self employed option in any analyses of figures.

In practice, for most of us it isn't possible.

also some agencies / clients would sue you personally just because they could.

This is based on if changes were made so you could do it. Forget agency complications for a minutes. If it were an option would you do it?

[vetran]

This is based on if changes were made so you could do it. Forget agency complications for a minutes. If it were an option would you do it?

there are a few benefits of being limited we highlighted them, retaining profit and limited liability. I wouldn't go self employed because of these two.

[jamesbrown]

No. I could do that now. I don't see the main advantages of having a ltd as tax advantages (at least directly), although there are some. The main advantages are related to ltd liability, financial planning, and the ability to operate in a global market place (even though I work direct, the self-employed construct has dangerous connotations - for clients - in many jurisdictions, whereas a corporate structure is standard).

[d000hg]

Scenario where it was legally an option not necessarily financial equivalent.

I have no moral or prideful objection to going that route if it wasn't going to cost me a load more. I use a Ltd primarily because it's the most efficient vehicle and not overcomplicated for the benefits it gives.