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  • FIRST POST
    • alexthepenguin
    • By alexthepenguin 12th May 18, 10:43 AM
    • 17Posts
    • 1Thanks
    alexthepenguin
    Setting up limited company after signing first contract
    • #1
    • 12th May 18, 10:43 AM
    Setting up limited company after signing first contract 12th May 18 at 10:43 AM
    I am working full time and pay tax on PAYE basis.

    To supplement my income recently I have started working on a project as a self employed contractor for an organisation (not related to my full time job). Having giving it some thoughts I have decided to set up a private limited company for my contract work as it would be beneficial for me from a tax perspective.

    However I have already signed a letter of engagement using my own name with the organisation (though I will not be paid until later on this year). If I set up my company now, will I need to sign a new letter of engagement with them using my company name or will my current letter of engagement be fine as I can say I signed it in my capacity as the director of my soon-to-be-formed company? The organisation has made it clear that they would be happy for me to submit the invoice through my company so my question is really from a legal/tax perspective.

    Thank you.
Page 1
    • TheCyclingProgrammer
    • By TheCyclingProgrammer 12th May 18, 12:16 PM
    • 3,271 Posts
    • 1,922 Thanks
    TheCyclingProgrammer
    • #2
    • 12th May 18, 12:16 PM
    • #2
    • 12th May 18, 12:16 PM
    I would sign a new engagement.
    • 00ec25
    • By 00ec25 12th May 18, 5:37 PM
    • 7,231 Posts
    • 6,933 Thanks
    00ec25
    • #3
    • 12th May 18, 5:37 PM
    • #3
    • 12th May 18, 5:37 PM
    the client will require the contract to be with the company not the sole trader who is not the one doing the work, since the work is now being done by a company
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