abuhf wrote: ↑Mon Sep 13, 2021 1:02 pm
Dear Marcnath and Mods,
Please assist
Dear Marcnath and Mods,
I’m in situation where I really need your help
I found a shop which is actually a partition of one of the shop, the shop is a retail outlet and the lease of the shop is in a business holder’s name but since the current owner is letting out partition of it and he is going to give me a contract to pay the rent of partion to him under his business name , is it acceptable
Also for the shop which im going to rent i’m Going to be a sole director and I will recruit two staff as I found all the way to recruit more staffs but it looks little difficult in current situation in UK
Please don’t feel like i’m wasting your time, your expertise and support is much appreciated
[quote=abuhf post_id=2029434 time=<a href="tel:1630456292">1630456292</a> user_id=214541]
Hi Marcnath,
Please don’t get dejected, after a pandemic it looks wise to join ongoing business , my intended business is running very successfully but due to pandemic I don’t need a investment or staff for it at the moment
Well ultimate goal of all entrepreneurs is to get settled including you, I don’t know which question of mine is wasting people’s time.
Reason we seek assistance from you is firstly you all mods are extremely helpful and have immense knowledge on immigrant matters
Please advise on below
1) Do i need to be owner of the company or just director with limited shares of 25% to 40% is accepted ?
2) There are 4 staff on payroll already so after I will join and create 10 full time jobs with 30 hours per week , I hope that will suffice the requirement maintaining jobs for 12 months.
3)The company is less than 1 year old and has no accounts filed yet, is there any action I need to take from my side from my accountant before annual return filings ?
4) Importantly, the current director has acquired a bounce back loan of GBP 50,000, does it have any impact or Do I need to act on it ?
5) What all the important informations and legal documents i should get before joining as a director on his shop.
[quote=marcnath post_id=2029412 time=<a href="tel:1630442415">1630442415</a> user_id=76145]
[quote=abuhf post_id=2029376 time=<a href="tel:1630429783">1630429783</a> user_id=214541]
Dear Marcnath,
Im going to join a chicken shop which is less than 1 year old as a 2nd director with share holding between 25% to 40%, 1st director is settled person and not gonna use for tier 1 purpose.
Kindly advise me on below as Im going to use it for ILR / Extension
1) Do i need to be owner of the company or just director with limited shares of 25% to 40% is accepted ?
2) There are 4 staff on payroll already so after I will join and create 10 full time jobs with 30 hours per week , I hope that will suffice the requirement maintaining jobs for 12 months.
3)The company is less than 1 year old and has no accounts filed yet, is there any action I need to take from my side from my accountant before annual return filings ?
4) Importantly, the current director has acquired a bounce back loan of GBP 50,000, does it have any impact or Do I need to act on it ?
5) What all the important informations and legal documents i should get before joining as a director on his shop.
Thanking you in advance
Regards,
Abuhf
[quote=abuhf post_id=2028100 time=<a href="tel:1629732374">1629732374</a> user_id=214541]
Thank you Marcnath,
Yes I'm going to use it that printing company for Extension / ILR purpose
In general 8-10 full time staffs in Chicken shop and two full time staffs in Printing shop
[quote=marcnath post_id=2028087 time=<a href="tel:1629729389">1629729389</a> user_id=76145]
Yes. Again, only if you are planning to use that company as an evidence for some requirement