Moving from an Umbrella to your own Ltd Company

First Time Contracting

The 123 Way

What is included as standard for a fixed fee of £65.00 + vat per month:

Full Contracting health check - is your business performing as best it could - we'll ensure it is.

If you're new to freelance contracting, we'll ensure you start trading in the right way.

Then you can sit back and relax, your ongoing HMRC & Companies House compliance will be taken care of.

The 123 Way - simple & stress-free.

Already Contracting

Are there any set-up fees or a long contract with The 123 Way?

The simple answer is NO. There are no set-up fees, no contract and no tie-ins. You are free to leave The 123 Way when ever you like - though we're confident that our service will make you want to stay.

If I stop contracting for a while do I still have to pay the monthly fee?

Our monthly fee of £65.00 + vat is the yearly fee divided by 12 - therefore if you do not contract for a month or two you still have to pay our monthly fee. If you decide to take a longer break from contracting then we can make your Ltd Company "Dormant" and there will be no monthly fee to pay until you decide to begin contracting again.

How do I move from contracting through an Umbrella company to my own Limited Company?

You can move from contracting through an Umbrella to your own Limited Company in no time at all. All you need do is:

1. Fill out the Join The 123 Way form

2. Give notice to your Umbrella Company that you are leaving - quick phone call is sufficient.

3. Inform your clients that you will be trading through your own Limited Company from now on.

4. We will form a Limited Company for you

5. We will help you open a business bank account

6. Now you can contract through your Ltd Company

If you have any further questions, please call us on 0845 834 0269 or email info@123contracting.co.uk

Switching Accountants

Move from Umbrella to Ltd Co.

Refer Friends & Colleagues

123 Income Illustrator

The 123 Income Illustrator shows you what you can expect to take home from a given contract.

It also compares the differences between freelance contracting through your own Limited Company, through an Umbrella Company, as a Sole Trader or if you were to return to full time employment.

The123 Income Illustrator