Operating a Limited Company

Most interim managers and freelance executives choose to perform their work through a limited company they establish for that purpose. This enables them to develop a brand identity for themselves and their services, and to separate the financial operation of their business from the rest of their finances. At a minimum, this shows what most clients and recruiters consider to be a stronger professional presentation and commitment to the independent work style. There may also be certain tax advantages.

If you don't have a limited company, setting one up can be a simple matter. There are many firms who will quickly execute the necessary paperwork for a modest fee (under £50 in some cases). Here are some possible resources for fast company formation.

The Professional Contractors Group also offers a wealth of advice for professionals newly considering a career as an independent, or for those seeking changes to their current freelance work structure, such as working through a limited company.