presidenttttt
Registered User
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- 278
Hi,
I am considering starting a business. It will almost certainly be in a limited company.
I believe (especially if the first one works!!) that there is a possibility that I am the type that may start other completely different businesses subsequently.
If there is any possibility of such future endeavours is there anything I must do now to not snooker myself later on, in terms of retaining corporate structure options, and cash flow options and flexibility.
For example, if the initial company is doing well it might be logical that it is a subsidiary of a mother/group/holding company, and the profits can be passed north to the mother and then into a sister company if required.
I imagine this may all be largely irrelevant unless a company becomes very large, nevertheless it would be useful to know any “gotcha” which should be avoided in setting up a limited company if there is an expectation that further businesses may follow?
I am considering starting a business. It will almost certainly be in a limited company.
I believe (especially if the first one works!!) that there is a possibility that I am the type that may start other completely different businesses subsequently.
If there is any possibility of such future endeavours is there anything I must do now to not snooker myself later on, in terms of retaining corporate structure options, and cash flow options and flexibility.
For example, if the initial company is doing well it might be logical that it is a subsidiary of a mother/group/holding company, and the profits can be passed north to the mother and then into a sister company if required.
I imagine this may all be largely irrelevant unless a company becomes very large, nevertheless it would be useful to know any “gotcha” which should be avoided in setting up a limited company if there is an expectation that further businesses may follow?