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
Replies (1)
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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.