7 ms·

you can create ltd and employ yourself if you want to. I have a notice period in my short term contract.

• rad_gruchalski 4y ago
  Yes, you can. But now it costs you a lot of money. Also, as someone hiring a contractor, I don’t care what arrangements you have in your own limited company. If I don’t like you, you’re out. Hopefully you have more clients.
  • _visgean 4y ago
    at least in the uk running things through limited companies cost less money, not more. Again some contracts have notice periods - this goes for both sides. But yeah you dont get much protection so there is that disadvantage. I would say the biggest downside is that you dont get paid holiday (but you can simply add this to your rate) and it is harder to get mortgage.
    • rad_gruchalski 4y ago
      You have a tax return to file as a private person, and as a company. I had a limited company in the UK. No idea if the dividend tax is as low as it used to be. If it is, and you can go on through the fiscal year without claiming a salary, it sure will be cheaper. Assuming that there’s still no upper dividend limit.
      • _visgean 4y ago
        you can also employ yourself and pay yourself as min salary.. that way you get some additional tax deductions..