The situation
The client was an independent consultant who resided in Brazil and offered strategy and advisory services to companies from multiple European countries.
As the client base widened, managing the contracts and billing process individually became more difficult. There were also some corporate clients who would prefer dealing with a company than an individual.
Therefore, the client wanted a structure that would be able to:
- have its own company for the consulting contracts;
- invoice its European clients;
- keep business documents separate from personal documents;
- make documentation easier for repeated clients; and
- cope with future expansion, if other consultants or lines of services were to join.
What we set up
Following the review of the service model and cross-border operations of the client, OCC assisted in forming a UK Ltd which would become the main entity for signing up consulting contracts and issuing invoices.
UK company establishment
The UK Ltd company became the client's separate consulting company. The company became an instrument of signing up service agreements with clients residing in Europe and issuing invoices for the performed consulting services, which allowed the client to organize his business engagements in a better way.
Corporate documentation
OCC assisted in the process of establishment and preparation of the first set of corporate documents for the company. It consisted of the basic company documents required for registration and establishment of ownership and the management of the company.
Business account facilitation
In addition, OCC assisted in business account facilitation according to the client's needs. This helped the client to organize the process of receiving business payments and conducting company related payments without mixing them with personal ones.
The entire setup was completed in 12 days.
The result
With the formation of UK Ltd, the consultant transferred European clients' contracts and invoices into a separate business entity.
It provided the client with a clearer organizational system for the handling of contracts, invoices, and company paperwork while simultaneously maintaining the provision of consulting services from Brazil.
In the first six months, the client:
- relocated eight active client contracts in Europe with the UK firm;
- generated over US$120,000 worth of consulting invoices using the new setup;
- consolidated all client recurring documentation into one single business entity;
- distinguished between business and personal administrative matters; and
- constructed a setup that could accommodate more clients and expand the team in the future.
Year-1 setup and service cost: US$4,599
“The more clients that we were getting from Europe, the more I needed a proper system for handling my contracts and invoicing. OCC was able to help set up the UK company and establish the essential paperwork.”
Business Advisory Services, Brazil
