What is a Single Person Company?

A single person company, the name suggests, is a company formation where there is only one employee. It is a legal set up that allows contractors and freelancers to work in the UK. Single person companies should only be set up through qualified accountants.

BITE aim to get you working, in the right jobs and at the right price – giving you the best opportunity to advance your IT career. BITE Contractors either use our Umbrella Company or, set up their own single person company through a qualified accountant.

Single person companies are also referred to as Personal Service Companies (PSC) or Managed Service Companies (MSC – illegal).