Using YourCo to invest in another business.

[LoanCharged]

Will be asking the accountant in due course, in the mean time does anyone have any experience of using YourCo. to invest in another business? Had an opportunity arise to buy into a local business via shares, that ties in with my longer term exit strategy from contacting.

I knew someone who finished a contract with a client and had surplus funs in his LtdCo. He then repurposed the company as property investment and bought buy to let’s in it. He now has passive income from the rentals using the money generated from contracting.

He then got a new contract pretty soon afterwards and formed a new contractor LtdCo for the new contact income.

This was all advised and set up by his accountant.