4. You get the advantage of company benefits usually reserved for full time employees.
When you work through an umbrella company, you have access to all the benefits enjoyed by full-time employees, including true group medical and dental plans, general liability and E&O insurance, and more...

Is an umbrella company the right choice for you?

There are advantages and disadvantages to both umbrella companies and setting up your own companies. Your personal circumstances and attitudes can help decide which the right choice is for you.

-Administration
If you are not comfortable with managing the administration end of a business, an umbrella company will take that load off your shoulders. Running as your own company means that you will have to deal with all paperwork, tax reporting and administrative requirements. If that is something you are comfortable with, then your own company may be a good option. If you would rather avoid that hassle, then opt for an umbrella company.

-On the fence
If you are not sure which is the better choice for you, then it may make sense to work through an umbrella company, at least in the short term. It is far easier to leave an umbrella company and start your own company than to go in reverse, dissolving your company to sign up with an umbrella firm.

-Your own status
If you work through an umbrella company, then you cannot claim to own your own business, or represent yourself as the director of your company. If it is important to you to be able to do that, then a limited company is the better choice for you.

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