Limited Company or Umbrella Company...
As a leading contractor accountant that offers both a PAYE
umbrella company and limited company
services, Nasa Consulting is well placed to help with the
answer.
If you
have no idea what a limited company is, or you're not sure if an
umbrella company is right for you - Nasa can help.
We've put together this table to give you an outline of the main
differences between setting up your own Limited Company against an
Umbrella Company. Whilst we hope this proves helpful it won't
substitute a good chat with one of our friendly consultants!
Click here to read our Limited Company VS
Umbrella Company guidance.
As you can see from above there are many factors to consider
before deciding which is best - Limited or umbrella company.
If this is all still sending you into confusion, why not request
a call back from our friendly and knowledgable consultants here.
Those who are generally on higher rates, who expect to contract
for the longer term and who genuinely wish to build their own
business - then setting up a Limited Company is a better
option.
Those who don't wish for the added responsibility of being a
business owner, only plan on doing short term assignments or are on
under around £40k per annum tend to use the umbrella company.