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Post Info TOPIC: Travelling and social events business legal requirements


Senior Member

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Posts: 361
Date:
Travelling and social events business legal requirements


Hello. 

I would like to know what are the legal and tax requirements for a company that ads another activity to its portfolio. This is a very small company who is not reg for VAT. 

New branch of the biz will organise social events and travelling events. 

I have set up a different bank account for this activity. 

Would it be any other requirements like licenses, insurances, or any other law and accounts points to consider ?

 

Thank you very much for your help. 

 

Kind regards, 

 

Adrian 



__________________

This is just my personal opinion. Advice should be sought from a suitably qualified Accountant.

 

P.S. I only ride a motorbike because I want to dry my clothes faster 




Veteran Member

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Posts: 58
Date:

If their insurance does not cover the new activity, then they will need additional cover. I don't think you need to worry about anything else.

Will both activities be trading under the same name?

__________________

Richard 



Master Book-keeper

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Posts: 8646
Date:

Gosh thats an old post youve dug up there Richard - could you not sleep yesterday? lol

I dont even remember seeing this post! Sorry Adrian.

My question would be - if you are running two trading arms from the same Limited company, why have two Bank accounts. Or are they sole trader activities?

__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position



Veteran Member

Status: Offline
Posts: 58
Date:

Joanne - I didn't notice how old that post was! I thought I would just answer a few posts that hadn't received a response.

I am so busy I think my brain is turning to mush!

__________________

Richard 

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