If you are a Qualified Person with a full time position. You may be interested to know that there are many organizations that require the skills and expertise of a Qualified Person consultant.
The organisation may require periodic batch release and would only require a QP at these times. A company may have a large project and require a Qualified Person during this time to help with the work load. Some companies use Qualified Person consultants to improve the organisations knowledge in certain areas or to set up and run new departments within quality.
Whatever the reason QP contractors are a effective and smart solution to some of the problems faced by drug manufacturing companies.
Contracting as a Qualified Person can offer a flexible working week as well as a significant boots to your finances. Qualified Person consultants can command around £750/1000 per day and are able to offer their services to a number of clients at a time.
You may have the skills and experience to become a QP contract consultant, but what else will you need to do?
1. Form a Limited company
This is for tax and limited liability purposes.
A new company can be incorporated in two ways.
Your solicitor can draw up the new company’s Memorandum & Articles of Association and submit this to Companies House.
Use on online incorporation service to submit the paperwork to Companies House. (This option usually takes around a day).
2. Operate as a Sole Trader.
If you choose this option your will need to operate under an ‘umbrella’ company for tax purposes. This is easy to set up in conjunction with your agency, however this option could become expensive with time.
3. Find the right Agency.
This is an important part of Qualified Person Consultancy. You may have contacts within the industry and may wish to contract to them directly. This can be disastrous. Without a solid agreement between contractor and employers you leave your self open to all sorts of legal ramifications.
An agency provides a base to start you contracting carrier.
The right agency will provide you with a solid contractual terms of business between you and the client as well as on-going support. The right agency will have the contacts and the experience to find you work as and when you require it.
Once you have completed these three steps you will be well on your way to your first appointment. All you need to do now impress at your interview!