Tier 1 Ent Team INVESTMENT

[FKS21177]

If tier 1 Ent team invest 55K and 1 director invest 35K and other 20K. is this ok?? or each director should at least invest 25K coz of 50% shareholding of total investment

[zimba]

If tier 1 Ent team invest 55K and 1 director invest 35K and other 20K. is this ok?? or each director should at least invest 25K coz of 50% shareholding of total investment

Didn't you keep the initial funds in a joint account ?? Money must be available to both of the team members.

[FKS21177]

If tier 1 Ent team invest 55K and 1 director invest 35K and other 20K. is this ok?? or each director should at least invest 25K coz of 50% shareholding of total investment

Didn't you keep the initial funds in a joint account ?? Money must be available to both of the team members.

thanks Zimba88 For ur reply..... money was in joint account BACK HOME not in the UK and we both transferred Money from personal to business in the UK.due to to complications we were unable to transfer from joint account back home to business account in the UK.

[zimba]

There is no equal party investment rule as the assumption is that both of you must have access to money in the joint account and can act to transfer funds to the business.

[FKS21177]

There is no equal party investment rule as the assumption is that both of you must have access to money in the joint account and can act to transfer funds to the business.

thanks zimba88 for ur view & clarification.. i asked this question coz someone told me that both of you shud invest 25K