Not sure where to get the advise, yes I can ask my account but he will just give me the legal aspect.
So as the subject of my post, I am going to move my activity a little bit wider and partner with someone who doesn't have a business yet. To start "fresh" we decided to create a new entity so that my own limited doesn't have to change anything and in fact just to have a new name and new everything.
So the first question is : what to do with my current Limited? Shall I just keep it open for now so that I can always contract on it while we are trying to attract business on the join company ? and later make it dormant ?
Is there anyone out there who has done this before ? Did they just open their own Ltd to the new partner instead ?
My other question may be naive / cheeky but I try:
- is there any advantage money/tax-wise to have each other company to invoice the other (1 way or both?)
For instance, shall I stay on my current Ltd PAYE and I invoice my time to the New Ltd for a while ?
many thanks for your help, even if it's to persuade me not to partner with someone ;-)