Company Structure

[JN007]

I have an established Ltd, vat registered company.

I am looking at starting a new company completly unrelated to the established company in terms of it's business.

The new company will have 2 other partners and will need to be Limited and vat Registered.

Is there a way I can have my share of the new company in the name of my established company, and invoice the new company customers via my established company and just set the accounts seperate for review and payments to the other partners.

I would like to use the same sage, accountants, invoicing method, office, etc etc?

If there is a way whats the risk or complications?

 

[boogs]

Your existing company can certainly own the shares in the new company (although you should speak to your accountant as to whether this is the best solution tax-wise)

If you invoice the new company's customers from your existing company then they are not the new company's customers!

What are you trying to achieve by doing this?

 

[JN007]

1. one set of accounts with clarity on the main companys ttrading, and the new companys trading

2. safe investment/risk for both myself and the new partners (ie the main company is not responsabile for the new company and the new directors of the new company hav eno claim on the main company)

These are the main points im trying to achieve.

 

[Andrew @ PLA]

JN007, I'd suggest that you book an appointment with your Accountant to go through the implications of what you are proposing and to get the best possible advice moving forward - always a good idea to involve your Accountant in such matters.