Tier 1 Entrepreneur - what is "Own business"

[marcnath]

What is the definition of "own business". If I am director of a company but have not invested in it, for example, would that be considered own business ?

Alternatively, if I have invested, say 25K, for a 10% stake in the business but have no board or active management role in the same, would that be my own business ?

Do the new employees of either count towards the employment created ?

[geriatrix]

The guidance seems to be a little vague on the proof of funds.

The question I have is whether funds deposited into a company (of which I am a director but not a shareholder) qualify to contribute to the 200K sum.

The evidence required seems to be only auditor verification of funds having come into the company's bank accounts.

The company has to be own business, but the definition of own business (also in another post related to employment) is unclear.

Anyone who has already gone through the extension process and have experience with this ?