Sole trader to limited company - valuation of stock

Dir204 · Jul 6, 2022

I recently moved from being a sole trader to limited company, and transferred all my stock (goods to be resold) to the limited company.

Please can someone advice me on what my options are in terms of valuing the stock? Would it be what I paid? Or could it instead be the market value of the stock? Do I have a choice?

Thanks!

DontAsk · Jul 6, 2022

The lower of what you paid or what it's worth now.

So you use the market value if it's less than you paid.

Gyumri · Jul 7, 2022

Transferring assets from sole trader to a limited company

Your sharp entrepreneurial tactics will one day require you to do a sole trader to limited company transfer including transferring assets. Use this helpful guide!

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Sole trader to limited company - valuation of stock

Dir204

DontAsk

Gyumri

Transferring assets from sole trader to a limited company

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