Hi,
I have a quick question about going via an umbrella company.
I am currently working through my own Ltd and operating outside IR35. I've built up a sizeable amount in the company so would like to liquidate the company and extract the money.
I'm expecting an extension to my contract to be offered next month, so I am thinking about going through an umbrella for 6-12 months whilst I close the company down. Even though I'm working for the same end client, this wouldn't cause me any issues with phoenixing as I'm not working through my own Ltd would it? After I've closed the company and got the money out I would either continue through an umbrella or go perm but have no plans to operate through a Ltd again either in the short or long term.
Thanks
I have a quick question about going via an umbrella company.
I am currently working through my own Ltd and operating outside IR35. I've built up a sizeable amount in the company so would like to liquidate the company and extract the money.
I'm expecting an extension to my contract to be offered next month, so I am thinking about going through an umbrella for 6-12 months whilst I close the company down. Even though I'm working for the same end client, this wouldn't cause me any issues with phoenixing as I'm not working through my own Ltd would it? After I've closed the company and got the money out I would either continue through an umbrella or go perm but have no plans to operate through a Ltd again either in the short or long term.
Thanks
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