Application form-Section 3- K3

[jafersadeq]

Dear Gurus,
Please see the link:
https://ibb.co/e9X6rG

Which box or boxes should I tick if I invested via director loan, the money has been transferred from my personal account to the business account.

Thanks

[marcnath]

Dear Gurus,
Please see the link:
https://ibb.co/e9X6rG

Which box or boxes should I tick if I invested via director loan, the money has been transferred from my personal account to the business account.

Thanks

2nd and 5th - I would guess

[heyaheya]

Dear Gurus,
Please see the link:
https://ibb.co/e9X6rG

Which box or boxes should I tick if I invested via director loan, the money has been transferred from my personal account to the business account.

Thanks

2nd and 5th - I would guess

MARCHNATH , so we always tick 5th either its share capital or director loan.. so number 5th actually means that we have invested through share capital with cash money ... isnt it.. ? just want to understand the meaning..

many thanks ,

[marcnath]

Dear Gurus,
Please see the link:
https://ibb.co/e9X6rG

Which box or boxes should I tick if I invested via director loan, the money has been transferred from my personal account to the business account.

Thanks

2nd and 5th - I would guess

MARCHNATH , so we always tick 5th either its share capital or director loan.. so number 5th actually means that we have invested through share capital with cash money ... isnt it.. ? just want to understand the meaning..

many thanks ,

Almost always yes, expect for 3rd party funding

[jafersadeq]

Dear Gurus,
Please see the link:
https://ibb.co/e9X6rG

Which box or boxes should I tick if I invested via director loan, the money has been transferred from my personal account to the business account.

Thanks

2nd and 5th - I would guess

Dear marcnath,
I asked a friend of mine (he got his extension) about the fifth box, he said the cash investment is for the sole trader, and I have to tick just one box, Director's Loan box.

Please advise
Thanks

[marcnath]

Dear Gurus,
Please see the link:
https://ibb.co/e9X6rG

Which box or boxes should I tick if I invested via director loan, the money has been transferred from my personal account to the business account.

Thanks

2nd and 5th - I would guess

Dear marcnath,
I asked a friend of mine (he got his extension) about the fifth box, he said the cash investment is for the sole trader, and I have to tick just one box, Director's Loan box.

Please advise
Thanks

If I remember right, I checked both for my DL application.
It clearly says "you may tick more than one box, where applicable"
Ticking 5th shows it is your own source of funds.
But this is not one of the questions that I think will impact the decision even if you make a mistake.

[jafersadeq]

If I remember right, I checked both for my DL application.
It clearly says "you may tick more than one box, where applicable"
Ticking 5th shows it is your own source of funds.
But this is not one of the questions that I think will impact the decision even if you make a mistake.

Some entrepreneurs become director and invest in DL (let's say £100k), then change to sole trader and invest in cash from their personal account (let's say £100k). Total investment is £200k, 100k in DL and 100k in cash as a sole trader, in this case, ticking two boxes is mandatory.

Imagine if the entrepreneur is a self employed, investment in cash only, he has to tick one box.

Please advise,
Thanks

[marcnath]

If I remember right, I checked both for my DL application.
It clearly says "you may tick more than one box, where applicable"
Ticking 5th shows it is your own source of funds.
But this is not one of the questions that I think will impact the decision even if you make a mistake.

Some entrepreneurs become director and invest in DL (let's say £100k), then change to sole trader and invest in cash from their personal account (let's say £100k). Total investment is £200k, 100k in DL and 100k in cash as a sole trader, in this case, ticking two boxes is mandatory.

Imagine if the entrepreneur is a self employed, investment in cash only, he has to tick one box.

Please advise,
Thanks

I am sorry, what is the advise you are looking for ?

Is this your situation or some hypothetical situation you have created ?

[jafersadeq]

Dear marcnath,
My situation is DL investment, I am confused because the two boxes, I am looking for a final answer for which box/boxes have to be ticked, box of DL is mandatory, the confusion in box5.
Is it for sole trader, or both director and sole trader.
Thanks a lot

[marcnath]

Dear marcnath,
My situation is DL investment, I am confused because the two boxes, I am looking for a final answer for which box/boxes have to be ticked, box of DL is mandatory, the confusion in box5.
Is it for sole trader, or both director and sole trader.
Thanks a lot

Ok. As I mentioned before - it should be 2nd and 5th. It tells you have invested by DL and it says the investment did not come from a venture capital, seed fund or third party - it came from your own cash.

I have no idea what sole trader or ltd company has to do with that.