I have a client that runs a shop as as soletrader with turnover just below the VAT threshold.
He wants to invest in a FHL to avoid registering for VAT I have advised that he sets this up as a partnership with his partner
He has informed me that his partner will not be on the mortgage as she has credit problems
This doesnt matter in terms of it being a partnership does it?
I have advised him to make sure the business account is in joint names
Thanks in advance for anyone able to help with my paranoia