Hi all,
Just wondering is it possible/difficult to create another company using my current limited company to finance the initial cost. (i.e. company A put some money into company B and hold all the shares in company B). Main reason is that, my current company being an engineering company doesn't quite fit some of the business activities/ideas i have in mind i.e. selling things on ebay or websites etc. so may be i can channel some of the retained profit from this year and "invest" into another company?
anything i should look out for? (just intital ideas at the moment, will give it more thought once I get some pointers)
Cheers + thanks in advance
Just wondering is it possible/difficult to create another company using my current limited company to finance the initial cost. (i.e. company A put some money into company B and hold all the shares in company B). Main reason is that, my current company being an engineering company doesn't quite fit some of the business activities/ideas i have in mind i.e. selling things on ebay or websites etc. so may be i can channel some of the retained profit from this year and "invest" into another company?
anything i should look out for? (just intital ideas at the moment, will give it more thought once I get some pointers)
Cheers + thanks in advance
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