Trading Method

Having chosen a freelancer lifestyle, your first decision will be the most appropriate method of trading.

The trading method options are:-

• Personal Service Company (PSC) [Read Fact Sheet >>]
• Limited Liability Partnership (LLP) [Read Fact Sheet >>]
• Construction Industry Scheme (CIS) [Read Fact Sheet >>]
• Umbrella Company [Read Fact Sheet >>]
• Pay As You Earn (PAYE) [Read Fact Sheet >>]

The main drivers for this decision are normally:-

• Contract or working practices (IR35)
• Your industry of choice (CIS)
• Your financial potential
• Working from home or clients premises
• Working away from home or internationally
• Durations of contracts