Forming a Limited Company can be a shrewd move for the budding contractor. Not only can it give your business an added sheen of professionalism, it can pay dividends (quite literally) in terms of better tax efficiency, meaning you get to take home more of the money you earn, with less being syphoned off by the tax man. Also, with the AWR just around the corner, there has never been a better time to make sure you aren’t in the firing line.
Of course, Limited Companies aren’t for everyone. They come with extra responsibilities in the form of company accounts, annual returns and mandatory personal self-assessment tax returns. To read more about the advantages and disadvantages of both, see Limited Company vs Sole Trader.
If you’ve decided to make the leap and incorporate, we’ve got good news. Our parents company Crunch have just launched a new, dead-simple Limited Company formations site – GoLimited.co - designed specifically for freelancers and contractors who want to incorporate quickly, easily, and without being drowned in annoying upsell.
To celebrate their launch GoLimited.co are offering the first 100 incorporations for free, but don’t worry if you miss out – regular incorporations only cost £14.
Claim your free Limited Company here
Be quick, only the first 100 are free!
