Loan to a sole proprietor who is abroad

[Louisa@AardvarkAccounting]

Surely all you are doing is aiding and abetting his dodgy dealings by trying to make it plausible?

I was trying to give them the benefit of the doubt.

[Louisa@AardvarkAccounting]

Louisa and Neil seem to be new around here. Give them a few years and they'll both be as cynical as the rest of us.

[lilelvis2000]

I will get a proper loan agreement. There is a chance that his company could be converted to a partnership - but that's probably not possible with a Ltd. co.

I'm winding up as I'm moving abroad.

It would seem that it's better to get the cash down to £25k and wind up and withdraw as assets.

[northernladuk]

Louisa and Neil seem to be new around here. Give them a few years and they'll both be as cynical as the rest of us.

Louisa ain't new.. She's pulling our plonkers the sneaky devil!!!

Neil however looks like a nice fresh newbie! Anyone clarified his stance on Gladiators yet?

[northernladuk]

I will get a proper loan agreement. There is a chance that his company could be converted to a partnership - but that's probably not possible with a Ltd. co.

I'm winding up as I'm moving abroad.

It would seem that it's better to get the cash down to £25k and wind up and withdraw as assets.

Without committing tax evasion...

[lilelvis2000]

I'm just following this...How to pay the least tax closing a limited company :: Contractor UK