Topic starter
i have a ltd company, 100% owned by me
i'm starting another one with 3 other share holders
is it best to have my shares in the second co (30%) owned by the first co, or by me personally?
TVM
Posted : 17/09/2009 2:13 pm
I don't know about this, but gut feeling, if the first company has to fold, you would no longer have any interest in the second as the shares could be sold to creditors to pay liabilities on the first company.
Posted : 17/09/2009 2:19 pm
Yeah you are best to keep them seperate, you don't want to tangle something that is 100% yours up with something that is potentially dependant on other people.
Your accountant will probably find some way to take money out of your business and re-invest it in the other without having to pay Income Tax on the whole lot.
Posted : 17/09/2009 2:22 pm
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Posted : 17/09/2009 2:32 pm
apple pie
Posted : 17/09/2009 3:26 pm