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Extension applicants please join here

Only for UK Tier 1 (Entrepreneur) points system. This route is now closed to new applicants.

Moderators: Casa, Amber, archigabe, batleykhan, ca.funke, ChetanOjha, EUsmileWEallsmile, JAJ, John, Obie, push, geriatrix, vinny, CR001, zimba, meself2

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kunleoyewo
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Posts: 32
Joined: Mon Jun 08, 2015 11:19 pm
Location: London

Re: Extension applicants please join here

Post by kunleoyewo » Thu Feb 11, 2016 11:48 am

Hi Guys,

Can anyone please advise me on the possibility of converting Director's Loan of £50k to Share Capital? My Accountant has suggested allotting 50,000 Ordinary Shares at £1 each and issuing a Share Certificate to show same.

Please bear in mind that my Extension application is due soon and the justification from him is that Share Capital makes the books look better than Director's Loan.

Any advice on this will be really appreciated.

Thanks in advance.

Regards,
Kunle
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