Hi,
I would like some feedback on the following please :
3 of us running individual LTDs are looking to partner up and we think the best model would be for each LTD to have equal share on a new company based on the fact that dividends could be transferred to our individual LTDs at any time without aligning our personal finances, we have also heard of the alphabet sharing structure model which might be convenient.
Our operation model would mainly consist of each partner getting rewarded separately for the amount of time spent individually on projects (similar to the "traditional" contractor model I guess with timesheets etc) with profit from everything else such as sub-contracting to be split equally between the 3 of us.
Are there any users here who have done the same and would like to share their preferred model or their experiences please?
I have discussed with my accountant who was very helpful with queries but couldn't pick up our new company structure and suggested to discuss with a specialist, as we are not aware of anyone are there any accountants here willing to discuss further perhaps?
Many thanks in advance for your comments.
I would like some feedback on the following please :
3 of us running individual LTDs are looking to partner up and we think the best model would be for each LTD to have equal share on a new company based on the fact that dividends could be transferred to our individual LTDs at any time without aligning our personal finances, we have also heard of the alphabet sharing structure model which might be convenient.
Our operation model would mainly consist of each partner getting rewarded separately for the amount of time spent individually on projects (similar to the "traditional" contractor model I guess with timesheets etc) with profit from everything else such as sub-contracting to be split equally between the 3 of us.
Are there any users here who have done the same and would like to share their preferred model or their experiences please?
I have discussed with my accountant who was very helpful with queries but couldn't pick up our new company structure and suggested to discuss with a specialist, as we are not aware of anyone are there any accountants here willing to discuss further perhaps?
Many thanks in advance for your comments.
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