Let’s compare the advantages and drawbacks of setting up a limited company VS working through an umbrella company.

Why set up a limited company?

• Limited liability
• Tax efficiencies
• Increased credibility
  

Why not set up a limited company?

• Increased legal and administrative requirements
• Less privacy; details of the company are publicly available
  

Why work through an umbrella company?

• Ease of use
• Flexibility
• Entitled to statutory benefits
  

Why not work through an umbrella company?

• Costly way to operate
• Lack of control