The term "limited company contractor" describes a common operational model for independent professionals and freelancers. In this structure, an individual establishes a private limited company, of which they are typically the director and shareholder. This company then enters into contracts with clients to provide services. This model is chosen for reasons of tax efficiency, limited liability (which separates the individual's finances from the business's), and professional credibility. Companies that service this sector typically provide accountancy, payroll, and legal advice tailored to the specific needs of these contractors.

Founded in

United Kingdom