Hi, I'm new to this whole thing so just wanted some advice to make sure i don't do anything illegal.
I'm the director and owner as well as an employee of my limited company. I've got invoices due to be paid into my business account next week but am in need of urgent cash now. Am i allowed to write a cheque from my business to myself, as wages, and go and cash this at a cheque cashing company?
I'm not trying to do anything illegal here, just a short term cashflow problem. My credit rating has not been good since university so the bank will not give me an overdraft or anything.
Your responses will be greatly appreciated.
I'm the director and owner as well as an employee of my limited company. I've got invoices due to be paid into my business account next week but am in need of urgent cash now. Am i allowed to write a cheque from my business to myself, as wages, and go and cash this at a cheque cashing company?
I'm not trying to do anything illegal here, just a short term cashflow problem. My credit rating has not been good since university so the bank will not give me an overdraft or anything.
Your responses will be greatly appreciated.
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