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Have you checked the guidance?icwcontra wrote:Can anyone tell me specifically that I need to show continued availability of 200k in my accounts till the tike I apply for extension? For example, if I invested 100k in the first year, should I show that I maintained 100k in a personal account till the time I could invest it in the business?
Guidance says that the investment funds should be continually available to you.icwcontra wrote:Let me clarify by the example below:
1. 200k at the time of application
2. Invested 100k in first year into the company; DO I HAVE TO ENSURE THAT THE REMAINING 100k IS IN MY PERSONAL ACCOUNT ONLY?
3. Invested 100k more in the second year thereby complying with 200k requirement.