Hi,
We need help in the FLR (M) financial requirements area - My husband is British and have his own sole trading company which been running for 5 years. I am Jordanian currently on student visa valid up to May, 2014. For the financial requirement of meeting the amount of 18,600 taxable income we having a bit of trouble in understanding the type of documents required to evidence this. My husband's business status changed from sole trader to LLC by Nov, 2012, so the sole trading company year run from April, 2012 up to Nov, 2012 and therefore the taxable income is not enough because it is covering only April 2012 to Nov 2012 instead of April 2012 to April 2013. Business the business is still running under the LLC, so we can add up the months from between Nov, 2012 to April, 2013 to complete the one full year (12 months) but it will be based on sole trader / LLC.....we just don't know how or what documents will need to be submitted in this case...? The accountant proposed giving his business dividends vouchers to top up the income from between April, 2012 up to Nov, 2012 to make up for the missing months of earning by shifting the status from sole trading to LLC, but before we say "yes go ahead" we need to verify if this will be acceptable by UKBA. The business is currently still running under LLC, how can we incorporate the remainder months from the year ( Nov, 2012 up to April, 2013) using the LLC in addition to the sole trading income?? How can we go about all this? We need advice on this specific issue.
If any one has any information on how we go about this will highly appreciate any help.
Thanks,
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