Incorporation muddle

Posted by ongwright PM | on Fri, 07/10/2011 - 09:29 1105 6 comments | report

A new company was incorporated to run a sole trader business from 1 April 2010. However since that date invoices have been raised in the old name and some in the Ltd company name. All the text books assume that old business ceases and new incorporated businees commences on the following day. This clearly hasn't happened.

So do I treat all post 31 March transactions as that of the new Ltd company? or

Split transactions between Ltd company and old business on the basis that the old business has not ceased.

Apologies if the answer is considered obvious by some.

Comments

There are 6 comments. Login or register to view them.

what is the reality?

petersaxton | Fri, 07/10/2011 - 09:55

Treat as company's

Gladstone | Fri, 07/10/2011 - 10:00

?Bank account?

JAADAMS | Fri, 07/10/2011 - 10:56

incorporation reality

ongwright | Fri, 07/10/2011 - 11:15

Thanks for your reply.

ongwright | Fri, 07/10/2011 - 11:17

Good luck

petersaxton | Fri, 07/10/2011 - 11:41