Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

    • alexthepenguin
    • By alexthepenguin 12th May 18, 10:43 AM
    • 17Posts
    • 1Thanks
    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
    • 3,165 Posts
    • 1,846 Thanks
    • #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
    • 6,380 Posts
    • 5,890 Thanks
    • #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
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

79Posts Today

1,407Users online

Martin's Twitter
  • It's the start of mini MSE's half term. In order to be the best daddy possible, Im stopping work and going off line?

  • RT @shellsince1982: @MartinSLewis thanx to your email I have just saved myself £222 by taking a SIM only deal for £7.50 a month and keeping?

  • Today's Friday twitter poll: An important question, building on yesterday's important discussions: Which is the best bit of the pizza...

  • Follow Martin