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can we have two businesses one sole trader and other Ltd co

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

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cappachino
Member of Standing
Posts: 490
Joined: Mon Mar 25, 2013 9:24 pm
Location: LONDON

can we have two businesses one sole trader and other Ltd co

Post by cappachino » Sat Jan 11, 2014 1:56 am

Hello everyone
My question is
can i have two businesses one which is a sole trader and the other a limited company with another director(a britisher) who has 50% share and 50% shares belonging to me
Out of the total investment of 200k around half is invested in the sole trader company and the other half in the Ltd company (which is my 50% share)
Is this allowed and will this investment in two different types of business set up is acceptable

Olasunkanmi
Diamond Member
Posts: 1324
Joined: Sat Aug 17, 2013 11:28 pm
Location: London, UK.

Re: can we have two businesses one sole trader and other Ltd

Post by Olasunkanmi » Sat Jan 11, 2014 2:25 pm

@ cappachino, yes you can combine Limited company together with Sole trading company with proper documentation of invested funds in each company. HO allow Tier Entrepreneur visa holders to work for more than one business as long as the businesses satisfy the visa conditions.
The key to success is knowledge and hardwork, and to have faith.

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