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2 companies

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

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aleko76
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Posts: 26
Joined: Sun Feb 21, 2016 7:29 pm

2 companies

Post by aleko76 » Wed Jun 15, 2016 2:21 pm

hi

1- i have 2 companies .. company 1 has one takeaway running for 1.5 years has 1 employee for 14 months employed.

2-company 2 has 3 employees 1 restaurant still running.

i plan to dissolve and close company 1 after doing accounts with my accountant.

i also plan to keep company 2 running during the time of extension.

is that acceptable? can i shut company 1 and still have the funds invested and employee counted? thank you and have a wonderful day...

aleko

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aby00156
Member of Standing
Posts: 283
Joined: Mon May 19, 2014 11:38 pm
Mood:
India

Re: 2 companies

Post by aby00156 » Wed Jun 15, 2016 2:26 pm

aleko76 wrote:is that acceptable? can i shut company 1 and still have the funds invested and employee counted?
Yes
So verily, with every difficulty, there is relief.

seasky
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Posts: 1077
Joined: Sun Nov 13, 2011 10:01 pm
United Kingdom

Re: 2 companies

Post by seasky » Wed Jun 15, 2016 3:51 pm

You can get the points for this scenario but if you came after APR 2014 you need to make sure two jobs lasted a year (multiple part time does not do it)

Also you have to past genuine entrepreneur test and 'flipping' take away restaurants is not exactly exciting to HO

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