- Original Poster
- #1
Hi,
I have recently opened a company selling sales services to IT vendors and am keen to grow quickly (to take on 1 member of staff in the near term). I see SIES/EIS as a potential way of gaining investment from people who know me i.e. family and friends, with both my brother and mother on £100k salaries p.a.
My question is, is it possible and feasible for my brother and mother to invest say £5k each into my business for a nominal % of the business (5% each)? My understanding is that I would receive nearly £20k in the business which I would use to grow it after their £10k combined is multiplied from the tax relief they receive.
Many thanks for any advice
I have recently opened a company selling sales services to IT vendors and am keen to grow quickly (to take on 1 member of staff in the near term). I see SIES/EIS as a potential way of gaining investment from people who know me i.e. family and friends, with both my brother and mother on £100k salaries p.a.
My question is, is it possible and feasible for my brother and mother to invest say £5k each into my business for a nominal % of the business (5% each)? My understanding is that I would receive nearly £20k in the business which I would use to grow it after their £10k combined is multiplied from the tax relief they receive.
Many thanks for any advice
