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Topic: Limited company vs "Umbrella" company?  (Read 128 times)

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  • settled in UK July 2018 on unmarried partner visa
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Limited company vs "Umbrella" company?
« on: April 24, 2019, 11:46:34 AM »
Hi:

Just checking to see if any independent contractors or freelancers out there have any insights on either setting up a limited company, or signing up with an 'umbrella' company to work and get paid?

I have a job offer from a big company to come on board and work as a freelancer on a short term contract, but expect me to either have my own limited company, or, get set up through some umbrella company to be paid/pay taxes etc etc....

This is all new to me because I have always managed to simply invoice clients, and get paid directly.

Thanks!


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Re: Limited company vs "Umbrella" company?
« Reply #1 on: April 24, 2019, 06:53:24 PM »
Here's a link to a thread on a forum that's specific to contactors in the UK

https://www.contractoruk.com/forums/accounting-legal/122786-us-citizen-contracting-uk-3.html

If that specific thread doesn't suit, look around or even post there.  They can provide very specific advice.

The only piece of advice I am qualified to give is to NOT listen to any UK only advisors when they tell you that what you do here does not impact your US situation.  Get good advice from someone who understands the US side of things.


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Re: Limited company vs "Umbrella" company?
« Reply #2 on: April 24, 2019, 06:57:55 PM »
Be aware that if you become self employed, it will very much complicate your next visa application, unless your partner earns enough from employment to meet the requirements, (or you are using savings) in which case you can use their income instead.
March 28th 2013-Moved to UK, husband on spouse visa.Oct 20th 2015-Applied by mail for FLR(M).Feb 1st 2016 FLR(M).March 7th 2018 ILR. YAY! March 21st NCS&JCAP appointment.


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