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Loan to a sole proprietor who is abroad

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    #11
    Originally posted by northernladuk View Post
    Surely all you are doing is aiding and abetting his dodgy dealings by trying to make it plausible?
    I was trying to give them the benefit of the doubt.

    We're all ears!

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      #12
      Originally posted by TheCyclingProgrammer View Post
      Louisa and Neil seem to be new around here. Give them a few years and they'll both be as cynical as the rest of us.
      We're all ears!

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        #13
        I will get a proper loan agreement. There is a chance that his company could be converted to a partnership - but that's probably not possible with a Ltd. co.

        I'm winding up as I'm moving abroad.

        It would seem that it's better to get the cash down to £25k and wind up and withdraw as assets.
        McCoy: "Medical men are trained in logic."
        Spock: "Trained? Judging from you, I would have guessed it was trial and error."

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          #14
          Originally posted by TheCyclingProgrammer View Post
          Louisa and Neil seem to be new around here. Give them a few years and they'll both be as cynical as the rest of us.
          Louisa ain't new.. She's pulling our plonkers the sneaky devil!!!

          Neil however looks like a nice fresh newbie! Anyone clarified his stance on Gladiators yet?
          Last edited by northernladuk; 16 January 2017, 17:40.
          'CUK forum personality of 2011 - Winner - Yes really!!!!

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            #15
            Originally posted by lilelvis2000 View Post
            I will get a proper loan agreement. There is a chance that his company could be converted to a partnership - but that's probably not possible with a Ltd. co.

            I'm winding up as I'm moving abroad.

            It would seem that it's better to get the cash down to £25k and wind up and withdraw as assets.
            Without committing tax evasion...
            'CUK forum personality of 2011 - Winner - Yes really!!!!

            Comment


              #16
              I'm just following this...How to pay the least tax closing a limited company :: Contractor UK
              McCoy: "Medical men are trained in logic."
              Spock: "Trained? Judging from you, I would have guessed it was trial and error."

              Comment

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