If it's a genuine case of sub-contracting via a B2B arrangement, a statement of Ts and Cs for the engagement between yourco and theirco should be sufficient. Amicably discuss the payment schedule (you may have to settle for a lower rate if they have to invoice factor and pay you weekly for example) and other things that you consider key (IP, etc.) and get them documented and signed off by a director from both parties.
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Advise on contracting via another ltd company
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Originally posted by xenomorph View PostApart from payment terms is there anything else I should be aware of?
Anything to cause problems.
HTH'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by northernladuk View PostGet all your correspondence on the matter spelling and grammar checked...
HTH
Or you joking? lol
Originally posted by LondonManc View PostIf it's a genuine case of sub-contracting via a B2B arrangement, a statement of Ts and Cs for the engagement between yourco and theirco should be sufficient. Amicably discuss the payment schedule (you may have to settle for a lower rate if they have to invoice factor and pay you weekly for example) and other things that you consider key (IP, etc.) and get them documented and signed off by a director from both parties.Last edited by xenomorph; 3 June 2020, 20:31.Comment
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Originally posted by xenomorph View PostYou mean ensure the contract is checked for grammar and spelling errors?
Or you joking? lol'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by northernladuk View PostAdvise on contracting via another ltd comoany
oops did not even notice that!
cant edit it nowComment
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Originally posted by xenomorph View Post
oops did not even notice that!
cant edit it now
'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by xenomorph View Post
oops did not even notice that!
cant edit it now
But I like the idea of limited co-moany.Down with racism. Long live miscegenation!Comment
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Originally posted by xenomorph View PostThey mentioned I could get better rate as less fees will be charged on the day rate vs against agency. But I suspect if they take £50 a day from my rate it would only leave me with £25 extra a day which is what the total cost of agency fees were for the client.
I presume yourco will be invoicing subcontracting co? If so, do it in the first couple of days of the next month for the previous month's work:
x consultancy days @ £y
create the total
add the VAT
expect that amount z days later.
There are standard templates for this online.The greatest trick the devil ever pulled was convincing the world that he didn't existComment
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Originally posted by LondonManc View PostAll down to trust for you then - I've operated like that on a paid-when-paid basis. No timesheets to worry about because there's nobody to sign them.
I presume yourco will be invoicing subcontracting co? If so, do it in the first couple of days of the next month for the previous month's work:
x consultancy days @ £y
create the total
add the VAT
expect that amount z days later.
There are standard templates for this online.
Will have a look at those templates and see what they think about payment terms.
Thanks allComment
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Originally posted by xenomorph View PostYes it would me by company having contract with other persons company.
Will have a look at those templates and see what they think about payment terms.
Thanks all
Part of the job when there's lack of timesheets (if there will be in your case) is to drop a summary of work carried out each week to the people that you'll be invoicing to demonstrate what you're delivering each week. That's purely to prove that you're invoicing genuinely for 10, 15, 20 days, whatever it may be.The greatest trick the devil ever pulled was convincing the world that he didn't existComment
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