2 types of businesses under the same company?

[premkumaranand]

Hi All,

I'm a software development contractor. I have my own limited company.

I want to sell stuffs (not related to computers/software) in Amazon. Is it possible to account for both business activities under the same limited company?

[Jessica@WhiteFieldTax]

Hi All,

I'm a software development contractor. I have my own limited company.

I want to sell stuffs (not related to computers/software) in Amazon. Is it possible to account for both business activities under the same limited company?

Generally it is, but if they are clearly separate streams there may be vat advantages in having a separate entitiy. Downside admin and costs, upside vat saving. Also possible advantage in isolating one entity from the other from a risk perspective.

[washed up contractor]

Hi All,

I'm a software development contractor. I have my own limited company.

I want to sell stuffs (not related to computers/software) in Amazon. Is it possible to account for both business activities under the same limited company?

Yes and it isnt difficult. I have done this in the past. Just keep both income streams separate for invoice and expense purposes.