Have company set up with another to sell software we have developed jointly. Profits will be split 50/50.
Also developing my own software for same market which I originally planned to sell via my own limited company.
Joint advertising on both company's websites might be beneficial. It would also save on costs of Worldpay subscription if one company acts as online retailer for the other.
Are there any tax or other complications if two companies with a common director share resources in this way?
Or are there any ways, other than paying salary, of apportioning sales profits according to product if it all went through the joint company? Continually altering the share issue to vary dividend hardly seems practical.
Also developing my own software for same market which I originally planned to sell via my own limited company.
Joint advertising on both company's websites might be beneficial. It would also save on costs of Worldpay subscription if one company acts as online retailer for the other.
Are there any tax or other complications if two companies with a common director share resources in this way?
Or are there any ways, other than paying salary, of apportioning sales profits according to product if it all went through the joint company? Continually altering the share issue to vary dividend hardly seems practical.
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