Limited Company or Umbrella ? At last; the easy way to work it out
Professional Contractors and Freelancers have a few different waysthey can trade. This normally boils down to a decision between LimitedCompany and Umbrella Company, but the whole list of options availableis:-
- PAYE with an agency/direct client
- Sole Trader
- Limited Company
- Umbrella Company
- Partnership and Limited Liability Partnership
Now you can download a spreadsheet which does all the calculationsfor you ( and you do not need to give us any of your details todownload it !)
Our spreadsheet comparision tool will show you how much your netincome will be with each of these options, all you have to do is entera few basic details; please see our guidance and our quick video guide here .
Please remember it is not just a financial decision, consider if you really are committed to running your own business before you take the plunge.