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We have already spend 50K on employees and other business expenses, i guess this should be fine for HO as business already spend.marcnath wrote: ↑Thu Jan 11, 2018 10:39 amZimba is correct in that the applications are evaluated on its own.
But besides investment and job creation, there is also the access to funds and the business plan that may have an impact on the other team member.
So there are couple of ways that it could impact your partner - though there are no clear rules or guidance on this.
If part of the funds available were shown in your name, once you withdraw your Tier 1 E application, your partner may need to show access to the funds that were available to you also.
Similarly, if the business plan was dependant on skills and experience from each of you then it may have to be updated to show how your departure will be compensated.
As I said, the guidance on this is not clear.
Again, difficult to say. There is no clear process or guide as to how they assess business plans. I would assume they have already reviewed it before the interview, so it is unlikely they will visit it again. To that extent it may be a non-issue.
marcnath wrote: ↑Thu Jan 11, 2018 11:00 amAs I said, the guidance on this is not clear.
But, have you applied as money already invested (which is very different from money spent) or have you only shown access to 50K ? i.e. did you submit your accounts, Director Loan, bank statements, etc. ?
If it is money already invested, then yes, it should be ok.
Again, difficult to say. There is no clear process or guide as to how they assess business plans. I would assume they have already reviewed it before the interview, so it is unlikely they will visit it again. To that extent it may be a non-issue.
There is no requirement to update HO with the business plan.
Ok. That should be straightforward and have no impact for your partner.cowboy wrote: ↑Thu Jan 11, 2018 11:23 am
We have applied as share capital and accountant document for unaudited accounts shows how and where we have invested money (50K) and also we have declared in interview we have invested the money on employees and other business activities. i hope this will be ok for HO.