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REmember, I am all the time speaking about *legal* ways to avoid big fees. I am not against fees if its linked properly what you are doing. LIke a online company selling worldwide something.... then I am for that they need to follow all the selling rules and regulations and pay corresponding...
Lets try to keep this discussion on the issue itself...
This was not so much about tax avoidanca, but legal fees linked to business startup.
But please.... there are legal, and even good, ways to avoid certain legal big fees at least at the start... just to be able to start. Like somebody...
"Are you saying your yearly income from the business is £8000?"
Its not really the point. I know many-many people in my business area who would be totally happy to start with that kind of yearly profits. Next year it can be then double... Also I dont see any problems to start with that kind of...
Ok, I think I understand this. This is a good option. Obviously I need to get details of these from an accountant, but good to know the options.
And yes, i want to open a company to get profits
Yes , they want a share of the profit. So if I borrow the money then its ok to share the profits?
If I borrow the money, can I legally speaking do with it whatever I want (as long as I pay it back later on) ... as if it was my own money? Or there is restictions?
No, I was asking *legal* ways to get the capital for my business. And then legally send back profits to them. There are many rules which tries to stop me doing this... this is it all about.
No, and I said already this earlie, this is not about taxes. This is about *me getting capital for my business from the people I know, like friends and relatives*. And then when I get success in my business to be somehow able to send them part of the profit. Thats what its all about.
No, its not whether i "like"... but more that whether its reasonable. I dont like very much paying normal work tax, but its reasonable (at least when 25%).
Like, I dont think its reasonable that as a musician when we practise 10 different song and the leader gives me the CD to practise those...
Ok, so you have never made a copy of a song illegally and listened it on a CD player? Remember that even copying your own CD to a mp3 player is illegal :) . You done this?
Its not about that I was after hear :) . Its about the trick to give money to somebody else using selling/buying as a means to do that. Would this be legal?
This is interesting, and I hope its true. So are you saying that I could write a progams for my clients to get big money for my own business? To be honest, I cannot believe its so simple :) . Many people would use this to avoid gift taxes: just sell something and tax problems are over. How is...
If your income yearly was £8000, would you be totally happy to pay like £5000 for all kind of paper work and legal issues? Or would you like the idea to just start without this heavy legal work , if possible, and do it possible when you get more money?