Hello! I've got a question for the community.
I am operating as a 1 person LTD IT consultancy.
Recently I got involved into an online retail business as a side project with few other people. I run website and do all IT related stuff.
So I have to spend on hosting, marketing etc + my own time.
Also we have big spending on goods purchase, logistics etc.., basically non-it costs.
For all spending: IT and non-IT I have to take money out of my company as dividends.
Is there a way for me to use my company money for this business? maybe as an investment.
Andy
I am operating as a 1 person LTD IT consultancy.
Recently I got involved into an online retail business as a side project with few other people. I run website and do all IT related stuff.
So I have to spend on hosting, marketing etc + my own time.
Also we have big spending on goods purchase, logistics etc.., basically non-it costs.
For all spending: IT and non-IT I have to take money out of my company as dividends.
Is there a way for me to use my company money for this business? maybe as an investment.
Andy
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