Maintaining a viable business
To register with us, you need a Limited Company, having chosen Interim Management as a dedicated career choice. It is normal practice for interim managers to operate through a limited company as this clearly shows their Company is responsible for tax and any liability associated with the work undertaken; it also enables you to opt out of the protection 'The Conduct of Employment Agencies and Employment Businesses Regulations 2003' affords individuals, as your company is providing a subcontract service.
Before forming a Limited Company we strongly recommend you create a business plan. This will help clarify your thoughts, assisting you in creating and maintaining a viable business.
Unless you have the necessary financial expertise we would suggest you involve an accountant at this stage, which may be more cost effective if you can negotiate an all-in fee for the first year's service.
For those with financial expertise: Companies House
IR35 details the Inland Revenues approach to intermediary service providers. Inland Revenue IR35
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