Once you've decided the most tax-efficient format that will work for you is the limited company, you must gain a clear understanding of how and why the legal formation of a limited company works the way it does.

A limited company allows you complete control of all transactions and company matters.

The advantages associated with a limited company include regular dividends, flexibility to pick and choose assignments and negotiate better rates with recruitment agencies and end user clients, faster payments and processing (paying directly into the company bank account, thus circumventing the umbrella company bank account route) and reduced tax burden (higher percentage net pay).

We have a number of resourceful companies that guide you through the setup process. Starting with picking a general name to bank accounts and registering for VAT to start-up expenses, you will easily learn the brass tacks of "representing a company" and "running a business" with its own trading name.