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Partnership

I have a family member who is in a partnership her turnover is approx £150k per annum.

She has been appraoched by investors to whom want to offer capital to expand and buy other premises.

I have advised her to go has alimited company.

She was thinking to regiser a limited holding company with 3 other business streams below the holding company.

One would she need to consolidate the 3 business streams in th eholding company and file statutory accounts with companies house.

Or would it be adviseable to set up 3 limited companies relating to her business say turnover of £50k per company thus avoiding the VAT threshold of £77k.

Any suggestions anyone please.

Thank you

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Speak to

an accountant.

Find a local one, they should offer a free initial consultation.

There is so much additional information needed to provide an informative answer that it would be best dealt with in a face to face meeting.

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