I ve never experienced this scenario before and am looking for information and suggestions pertaining to this!
Client has a Limited Company and was working in the oil industry. As this has fallen flat he wishes to start another business promoting health
foods and associated health products.
He wishes to continue with the business running under his limited company but with a different name?
Is this possible and can anyone pinpoint me in the direction of the pitfalls if any?
What does this involve with regards bank accounts and also corporation tax and can he offset any money from the limited company
to use as start up costs for the new business.
Can the losses only be offset against losses of that same business in a different year or could it be possible to offset losses against
each company (if there are any losses that is)