First timers entering the contract market need to decide how to initially structure their payments. There are two options: Limited Company or Umbrella.
The option suited to you will depend on your circumstances. These selection of articles from our dedicated section on Limited Companies will help you decide what is appropriate for you:
- Limited Company or Umbrella - Deciding on a payment structure
- Setting up a Limited Company
- Limited Company and Personal Taxes Explained
- Running Your Limited Company
If you decide to go down the Limited Company route then you'll need to start forming your company as soon as you sign your first contract. This will ensure you can then raise invoices and set up your company bank account.