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wantacontract

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#1

Company Business

13 August 2007, 18:38

Hello All,

I had registered my company as a Computer Consultancy services......but lately I've struck upon a plan b, to recruit english people to teach english in asia.....got some contacts in asia....china basically...

So am I better off using my existing company funds to fiance this new venture, or do I have to start another company? Flights over, accomodation, etc....

They are quite different services.....

have asked the accountant, but hes on holiday until Wednesday.....

Thanks.

Jim
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#2

13 August 2007, 19:04

I dont suppose there is any reason why you cannot do this assuming your artices etc permit it.
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#3

13 August 2007, 19:23

If you have any intention of selling the foreign business in the future it may be cleaner to set it up as a second company and then invest in it from your original company.

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#4

14 August 2007, 08:08

If you are likely to be running at a loss for the new company, then you can offset these against the other company if the structure is right.

Either have them as the same company, or create a parent company, which owns all the shares in company A and company B. More admin and accountancy costs this way, though.

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#5

14 August 2007, 08:10

Originally posted by wantacontract View Post

Hello All,

I had registered my company as a Computer Consultancy services......but lately I've struck upon a plan b, to recruit english people to teach english in asia.....got some contacts in asia....china basically...

So am I better off using my existing company funds to fiance this new venture, or do I have to start another company? Flights over, accomodation, etc....

They are quite different services.....

have asked the accountant, but hes on holiday until Wednesday.....

Thanks.

Jim

This "english" you teach......do you include punctuation.......or is that a personal choice.......WTF who needs it.......

Wissen ist Macht, aber nichts wissen macht nichts.
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NickFitz

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#6

14 August 2007, 08:33

Originally posted by wantacontract View Post

Hello All,

I had registered my company as a Computer Consultancy services......

It's "a Computer Consultancy service": "a" is the singular indefinite article, so the plural form "services" is incorrect.

Originally posted by wantacontract View Post

but lately I've struck upon a plan b, to recruit english people to teach english in asia.....

"English" is capitalised, being a proper noun.

Originally posted by wantacontract View Post

got some contacts in asia....china basically...

Now you're just rambling....basically...

Originally posted by wantacontract View Post

So am I better off using my existing company funds to fiance

finance

Originally posted by wantacontract View Post

this new venture, or do I have to start another company? Flights over, accomodation, etc....

accommodation

Originally posted by wantacontract View Post

They are quite different services.....

have asked the accountant, but hes on holiday until Wednesday.....

"Have": the first word of a sentence is capitalised.
"He's": the third person masculine possessive pronoun takes an apostrophe.

Originally posted by wantacontract View Post

Thanks.

Jim

Don't mention it.

Oh, and good luck with the English-teaching business
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#7

14 August 2007, 08:42

Originally posted by NickFitz View Post

It's "a Computer Consultancy service": "a" is the singular indefinite article, so the plural form "services" is incorrect.

"English" is capitalised, being a proper noun.

Now you're just rambling....basically...

finance

accommodation

"Have": the first word of a sentence is capitalised.
"He's": the third person masculine possessive pronoun takes an apostrophe.

Don't mention it.

Oh, and good luck with the English-teaching business

You missed:

Ellipsis only have three dots...

The first line should read "I have registered..."

Asia

"...got some contacts in asia..." should read "I have some contacts in Asia"

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#8

14 August 2007, 08:46

Originally posted by TheFaQQer View Post

You missed:

Ellipsis only have three dots...

The first line should read "I have registered..."

Asia

"...got some contacts in asia..." should read "I have some contacts in Asia"

I stand corrected
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#9

14 August 2007, 09:04

Hi wantacontract, good luck with your new business, I think you'd do well, been recently to China and I know how keen they are to learn English or atleast for their kids to do so.

I am not an accountant, but I remember having to register my company's business online, I believe its not difficult you just inform the HMRC with changes to the business - I think fill in a form online- that is if you want to keep the same company, but perhaps the accountant would advice you to open a new company, this is because as you know a new company (first year end of year) does get a lot of tax benefits.

Anyway good luck again, and ignore the arse holes ..

yes I discoverd I can write arse here
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#10

14 August 2007, 09:25

arseholes
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