I've run my PSC IT contracting company (Company 1) for a number of years and have now set up 2 new Private Limited Liability companies:
Company 2 - runs holiday lets
Company 3 - is an engineering business
Both Company 2 and Company 3 are start-ups.
Company 1 has already transferred money directly to Company 2 & 3 to help establish them.
My question is what is/would have been the best way to do this?
Should this have been as an investment? As a loan? Or as some other form of funding?
In all honesty Company 1 is not seeking to get back the money it has seeded in Company 2 and Company 3.
Thanks in advance.
Ian W
Company 2 - runs holiday lets
Company 3 - is an engineering business
Both Company 2 and Company 3 are start-ups.
Company 1 has already transferred money directly to Company 2 & 3 to help establish them.
My question is what is/would have been the best way to do this?
Should this have been as an investment? As a loan? Or as some other form of funding?
In all honesty Company 1 is not seeking to get back the money it has seeded in Company 2 and Company 3.
Thanks in advance.
Ian W
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