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Setting up as a an engineering consultant - Sole trader or Limied Company

(6 Posts)
greentea72 Mon 09-Sep-13 07:51:16

Hi. I am I the process of testing up as a freelance consultant in the engineering sector. Am trying to work out whether it is best to set up as a sole trader or Ltd company. I envisage my work will involve having my own clients and also working as a contractor on occasion for larger consultancies. Any advise on the two option.

trice Mon 09-Sep-13 08:37:11

You will need some serious liability insurance. I would advise limited company to protect yourself.

emma123456 Wed 18-Sep-13 21:20:15

Talk to an accountant.

carolmillen Wed 18-Sep-13 21:23:01

Many organisations will only contract with limited companies - I think you will limit your options as a sole trader.

ceeveebee Wed 18-Sep-13 21:24:22

Lots of larger companies insist on limited company consultants as it protects them from the risk that you might actually be an employee

ceeveebee Wed 18-Sep-13 21:24:47

Xpost - I am slow at typing

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