I have one small business which is Limited company (not took anything out of it) and it’s in it’s early days and will be some time before I can take any dividends/salary from it.
To enable me to have more time to spend in it and grow it i’m leaving my PAYE job next week.
To enable me to bring some extra cash in I’m taking on some courier work in my van which prompts the question how shall I do this?
Shall I set up another Ltd co for the courier business or shall I go self employed and offset all my running costs for the van through my sole trader business…
I’ve been advised to go VAT registered to claim back VAT on fuel etc etc
if I go Ltd on both I presume I just draw a dividend as and when or if I’m personally self employed does that prevent me drawing a dividend on business A?
My Brains frying.