Hi All,
I am applying for my extension at the end of the year and I am starting to make sure everything is in place. For my initial application, I transferred £200,000 (£180,000 into my business savings account and £20,000 into my business current account) as Director Loan and provided proof of this. During the initial 2 year period of my entrepreneur, I raised the share capital of the business to £100,000 (It was initially £20,000 when the company was formed) and I have continued to purchase inventory, sell and reinvest the proceeds into buying more inventory. Is there any other thing I need to do prior to my extension to cover the £200,000 investment part? I have worked very hard over the past two years and Idon't wan't to get caught out because of a minor oversight.
Thanks in advance for your answers
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