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Recent content by ako
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fund another company from your LTD profit
My accountant suggested a loan as well and avoids going into further discussions :) Maybe I need some finance consultant, but situation doesn't look to me like very rare. Lots of people must have got multiple small businesses, unfortunately I don't know any in person. Andy- ako
- Post #9
- Forum: Accounting / Legal
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fund another company from your LTD profit
Thank you! In other words if I run 2 businesses the only way to use profit from one business in another business is: 1) to give it a loan 2) by taking money out from the 1 business as dividends and investing into second one as a personal funds Is it correct understanding? Andy- ako
- Post #7
- Forum: Accounting / Legal
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fund another company from your LTD profit
Thank you very much! I've been through first few pages of the search results, maybe my request wasn't precise enough, but I didn't see that thread. Loan is the first thing that come to my mind as well. What about if the startup won't get any profit and won't be able to repay the loan? I am...- ako
- Post #5
- Forum: Accounting / Legal
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fund another company from your LTD profit
Hello! I've got a question for the community. I am operating as a 1 person LTD IT consultancy. Recently I got involved into an online retail business as a side project with few other people. I run website and do all IT related stuff. So I have to spend on hosting, marketing etc + my own time...- ako
- Thread
- Replies: 8
- Forum: Accounting / Legal
