I'm currently a one man band in the UK with a few clients. I have a friend who is looking into working in an area which would be beneficial to my business, and which I would potentially have to set up in myself further down the line.
He is currently on an immigrant visa (with definite progression to citizenship) and not able to start a business in the UK - I was wondering if I could offer the use of my company's legal structure and VAT registration to my friend.
What I considered is:
- I could invoice his clients on his behalf
- I could then pay him minus a small percentage.
Other related things I considered include the fact that he could point some of "his" clients in the direction of some of my products, in which case he could be paid a commission?
Is this kind of thing easily possible? Should he be an employee or a contractor contracted to my company? Are there any important matters I'm not considering? It seems like it should be a fairly simple arrangement.
To begin with, I doubt he'd have much work, and he isn't expecting me to pay him when he doesn't work or bring any money in, does this fall foul of minimum wage laws?
One other potential complicating factor - he is intending to remain employed at his current job while working on this other venture.
