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    In the United Kingdom, an umbrella company is a company that contractors can use when working "freelance" or "self employed". Both recruitment agencies and direct clients usually require a legal form of trading to be used to ensure they are not exposed to tax and employment liabilities. In such cases the contractor can choose to set up their own limited company or to use an umbrella.
    Umbrella companies have become more prominent since the British government introduced so-called "IR35" legislation that makes it less beneficial to start your own company and relatively more attractive to join an umbrella company.

    See also: Portable Employer of Record


        Umbrella company
            Examples of umbrella companies

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    Examples of umbrella companies
      http://www.psccs.com
      http://www.parasolgroup.co.uk
      http://www.prosperity4.com
      http://www.atlantic-umbrella.com
      http://www.treasureguard.com
     
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    This article is licensed under the GNU Free Documentation License [copyleft]. It uses material from the Wikipedia article "Umbrella company". link