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Samilou67


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Starting an additional business
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Hiya, I'm currently doing the accounts for a friend who has her own LLP which is an online shop selling party bags for kids. She has just called and asked if there is any reason why she can't open a separate business for wedding favours.

She will register the business with HMRC as another partnership with her mum and treat it completely separate from the other one, is there any reason why she can't do this?

Thanks

Sam



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Sam
kjmcculloch83


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Hi Sam,

There is no reason at all why someone can't run more than one business, unless they are artificially seperated to avoid VAT.

Kris

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RobH


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Not sure what 'wedding favours' is but if it is to stand in for a drunken groom at the crucial moment you should put her in touch with our very own Shaun!

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Shamus


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lol Rob. Have enough trouble with the one's that I proposed to myself rather than picking up other peoples as well... Then again... Cake!

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Shaun

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RobH


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I knew your radar would be on for this one!

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ICBUK


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Shamus wrote:

Then again... Cake!

 Made me think of this

tumblr_static_the-cake-is-a-lie.jpg



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Kind regards

Anna

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Samilou67


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Um no 'wedding favours' are gifts for the guests but might be something to give some thought to

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Sam
FoxAccountancyServices


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LOL, how did I miss this one? Very funny, you two!!

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Cheshire


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I make lots of cake!

And biscotti - been suggested I open my own business selling my biscotti alone! Might be easier than book-keeping on some days.

 



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 Joanne 

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Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
Shamus


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Cheshire wrote:

I make lots of cake!

 

 Are you single?



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Shaun

Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Cheshire


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Divorced. Been there, did that, wore the wedding dress, burnt the wedding dress! lol.

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 Joanne 

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Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
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