Trading as question

[IainW]

I've set up a new business trading under my holiday businesses name, the new business has nothing to do with holidays, when I invoice the client do they make the cheque payable to my new business which hasn't got a bank account or write it to my holiday comany?

Would they query that it's to a holiday company?

Iain

[Pilfo]

I've set up a new business trading under my holiday businesses name, the new business has nothing to do with holidays, when I invoice the client do they make the cheque payable to my new business which hasn't got a bank account or write it to my holiday comany?

Would they query that it's to a holiday company?

Iain

The cheque would have to be made out to your holiday business account, at least until you open a new account for your 'trading as' business.

However, as your business account is probably in your name (in order that you can sign the cheques going out) have your client make the cheques out to you. When you pay them in, you'll just have to sign the back of the cheque.

Pilfo

[elainec100@cheapaccounting]

I've set up a new business trading under my holiday businesses name, the new business has nothing to do with holidays, when I invoice the client do they make the cheque payable to my new business which hasn't got a bank account or write it to my holiday comany?

Would they query that it's to a holiday company?

Iain

Are you a sole trader or limited company.

If you are a limited company then you should have a separate bank account for the business and the company details on the various invoices, web site etc.

[IainW]

Are you a sole trader or limited company.

If you are a limited company then you should have a separate bank account for the business and the company details on the various invoices, web site etc.

Morning Elaine,

Thanks for your reply.

We are a Ltd company, I have set up another business but I want the least amount of work in setting it up, or unsure how far we have to go to set it up. How much can we use under my holiday business details. and then accepting payment without it being strange that they are paying a differnet company (i.e holiday) for IT work.
How do I really have to set up another bank account an dif so I don't want to set up another company number I wanted as much under the holiday company as possible.

Kind regards
Iain