Starting another Ltd for a software project

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#1

Starting another Ltd for a software project

10 December 2007, 15:27

I’m going into a joint venture with an old school friend where we’ll go 50/50 on everything. It will be a web/software project in which we’ll share costs and revenues

She wants to form a new Ltd for it so I’m wondering will I be better off just personally owning ½ of this new ltd or would it be advantageous to make my current Ltd the (50%) owner – or would it be time to start thinking about offshoring?

"Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon Musk
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#2

10 December 2007, 18:55

Personally own the Ltd shares otherwise you pay corp tax twice.
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#3

10 December 2007, 21:07

Originally posted by Jog On View Post

I’m wondering will I be better off just personally owning ½ of this new ltd

Yes, you will.
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Jog On

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#4

10 December 2007, 21:49

Thanks

"Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon Musk
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