[10dpd]

I agree please be careful with the advice contained here, from my perspective:

- DO NOT give up your full time salaried position until you have at least one contract lined up.

- Use a separate bank account for your business and don't mix personal and business.

- You shouldn't manipulate your company to avoid the 'risk of getting caught by IR35', this is a regulation that is in place for a reason.

It seems this article has been written as a way to maximise income from affiliates - there are multiple sites in the UK that offer accountancy as a service.

[mattmanser]

Strange advice, employment contracts in the UK generally have a minimum of 4 weeks notice, while contracts tend to require you to start in a week or so.

[cpncrunch]

It depends on the contract. My first contract allowed me to give my notice to my permanent job (pretty sure it was 4 weeks IIRC). I'm pretty sure some of my other contracts didn't start immediately -- it depends on the job. Also, if you have somewhat specialized skills they might be prepared to wait for you.

It's definitely a high risk strategy to quit your job before you've found a contract.