If you set up a limited company through which to provide contracting services, can that company also take part in other business activities, specifically:
* Can the company sell products (software or other)?
* Can the company make investments (such as buying publically listed shares)?
Even if the company can do this, would any accountant firm that offered a "contractor service" likely include either the accountacy work stemming from the selling of products or investments in the work they did?
If an accountant that offered a "contractor service" would not include work related to those other areas, is it likely that they would cover it for a further fee?
I am just wondering if I would need to engage the services of a more general accountant, or a combination of general and contractor specific, or whether doing it in one company is too much, and that I would need a contractor company and a selling/investment company with different accountants.
Any thoughts would be greatly appreciated.
Thanks,
Marshall
* Can the company sell products (software or other)?
* Can the company make investments (such as buying publically listed shares)?
Even if the company can do this, would any accountant firm that offered a "contractor service" likely include either the accountacy work stemming from the selling of products or investments in the work they did?
If an accountant that offered a "contractor service" would not include work related to those other areas, is it likely that they would cover it for a further fee?
I am just wondering if I would need to engage the services of a more general accountant, or a combination of general and contractor specific, or whether doing it in one company is too much, and that I would need a contractor company and a selling/investment company with different accountants.
Any thoughts would be greatly appreciated.
Thanks,
Marshall
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