Contracting as a shareholder

[soleside]

I've been contracting regularly for a Ltd. company who have recently raised the idea of me becoming a partner and sharing in profits in return for me giving them preference over other companies and becoming more involved in their work. I'm wondering if this would affect my IR35 status - would I need to become an employee for this?

Many thanks,

Soleside

[zathras]

I've been contracting regularly for a Ltd. company who have recently raised the idea of me becoming a partner and sharing in profits in return for me giving them preference over other companies and becoming more involved in their work. I'm wondering if this would affect my IR35 status - would I need to become an employee for this?

Many thanks,

Soleside

Would rather depend on the nature of the services being provided. To be honest you have not given enough information. It may also be worth looking at the MSC provisions as well as IR35, but again no real answer can be given because you have not given enough information.

[soleside]

Would rather depend on the nature of the services being provided. To be honest you have not given enough information. It may also be worth looking at the MSC provisions as well as IR35, but again no real answer can be given because you have not given enough information.

Well there's no offer on the table yet - but it's in the pipeline so I don't have a lot of information unfortunately.
I guess what I'm wondering is as a part-owner would I still be able to contract for the company or would I legally need to be on payroll?