UK Transfering Money from my Sole Trader to my LTD company

Joined
May 7, 2023
Messages
1
Reaction score
1
Country
United Kingdom
Hi all, i own two businesses and my wife owns one, im wanting to transfer some funds from my Sole Trader business to my new limited company as start up capitol. i know i can do this by clicking my mouse between my accounts but what does this get recorderd as? a loan or service and do i need to raise an invoice from my ltd to account fr the money? please help.

lyndon
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top