UK Contractor with Limited Company
So, how do I set up a Contractor Limited Company and start contracting through it?
- STEP 1 – Form your limited company. …
- STEP 2 – Open a business bank account. …
- STEP 3 – Consider your VAT position. …
- STEP 4 – Register for PAYE (pay as you earn) …
- STEP 5 – Organise Professional Indemnity Insurance.
How do I set up a limited company as a contractor?
Setting up a limited company for contracting is relatively straightforward.
- Choose a company name. …
- Decide on your company address. …
- Choose the company directors. …
- Decide share structure and shareholders. …
- Set up your company at Companies House. …
- Get a company bank account. …
- Register for VAT. …
- Keep your books in order.