Limited Advice

Limited Liability Partnerships

Once you’ve decided to join the self-employed sector, there are many different options available to you – here we take a look at the Limited Liability Partnerships (LLP) route.

Notice of Termination Template

Need to change Accountants? Moving from Limited to Umbrella? Copy our termination template and paste it into an email or letter to send to your accountant.

Management Consultants – A Guide to Going Limited

Discover how to become a management consultant. Why you should go limited, how you can find work and more in this easy to read guide.

Choosing a Limited Company Name

Before you can form a Limited Company, you will need to choose a name! That might sound easy, but there are a number of things you will need to consider.

Limited or Sole Trader?

This is one of the most common questions we get asked – and the answer is different for everybody. Depending on your personal circumstances, you might be better off as a sole trader or as Director of a Limited Company.

Your income is a key determining factor, but it is also worth considering your appetite for risk, your future plans for your business and the amount of administration you are happy with.

How to Take Money out of a Limited Company

So you’ve secured your first contract, raised your invoices and the money’s starting to roll in to your company bank account. Great! Now how do you get it out of there?

Contracting through a Limited Company

The finer details of tax planning are what you hire an accountant for – you are not going to be the one sitting down with a calculator, to work out the optimum way to split your income, across your tax allowances. So what does running your own Limited Company actually involve for you?

Should I set up a Limited Company?

Being a sole trader is the most common way to operate a fledgling business. However, as a freelance business grows, it’s likely you’ll be better-served setting up a Limited company. This quick guide gives a run-down of the benefits of doing so.