Hi, can anyone give me advice on this. I am the sole Director of a Ltd company. I have a business idea which is completely separate with no conflict, link or crossover with my ltd company. I would like to set up the second business as I believe demand is present and I would like to test its viability. I am led to believe that to be the director of more than one ltd. company could have significant negative implications for my personal taxation. My question is can I be a director of a Ltd company and also a sole trader for something separate at the same time? I reinvest most of the money made by the Ltd company as I want to grow the business and I therefore take no dividend at the moment and minimal salary. I would look therefore look to use 2nd business to support my personal income needs in the short to medium term. As an added complication my ltd company is a service where turnover is below VAT threshold so does not need to be VAT registered however the other business would be subject to significant VAT on input costs and turnover would likely be above VAT threshold so would need to be VAT registered. Can I have duel roles like this running side by side or would it be better to set up a 2nd ltd company? Can I run 2 totally separate Ltd companies one VAT registered and one not or would it be viewed that they are one interest? many thanks for any assistance.