Self Assessment: Are two Ltd Directors in a 'Partnership'?

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northernladuk replied

16 December 2014, 13:31
Originally posted by sal View Post

Unlike you, other people have actual friends they can trust

Yeah well good luck to them if that is what they think....
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sal replied

16 December 2014, 08:44
Originally posted by northernladuk View Post

Wow... Going in to business with a friend is dodgy enough without you not having a clue what you are doing. I hope it works for both of your sakes....

Unlike you, other people have actual friends they can trust
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northernladuk replied

15 December 2014, 18:38
Wow... Going in to business with a friend is dodgy enough without you not having a clue what you are doing. I hope it works for both of your sakes....
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Andrew@Wisteria replied

15 December 2014, 18:21
Originally posted by houmie View Post

Many thanks to both of you,

Happy holiday,
Houman

Pleasure.

Happy xmas / NY to you too.

Assuming no other personal income then you will just need to notify on the return that you are a director.

Andrew
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houmie replied

13 December 2014, 19:57
Many thanks to both of you,

Happy holiday,
Houman
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TheCyclingProgrammer replied

13 December 2014, 18:51
Partnership is a form of self-employment like being a sole trader, but more than one of you! So no!
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Andrew@Wisteria replied

13 December 2014, 18:34
In short...no! Presume you just need to say you are a UK director.
Leave a comment:
houmie started a topic Self Assessment: Are two Ltd Directors in a 'Partnership'?

13 December 2014, 18:29
Self Assessment: Are two Ltd Directors in a 'Partnership'?

Last year a friend and myself have incorporated an Ltd company with 50:50 shares.

I am just about to fill in my Self Assessment and it is asking me the question:

Were you in a partnership?

Does it mean in am in "partnership" or does that not count for Ltd companies?

Many Thanks for advice,
Houman
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