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  • FIRST POST
    • Ryan2uk
    • By Ryan2uk 29th Nov 17, 6:17 PM
    • 125Posts
    • 3,506Thanks
    Ryan2uk
    ESA and starting a new business
    • #1
    • 29th Nov 17, 6:17 PM
    ESA and starting a new business 29th Nov 17 at 6:17 PM
    Hi,

    I was wondering if anyone can help me. I would like to start an online business but my husband claims ESA(IR) and in the support group. I am a stay at home parent and my husband claims for us both.

    I can not find much about this online only that I can work up to 24hrs per week and the first £20 is disregarded. How would that work for a business, is that on profit or everything that passes through my bank account? What if I have a business loan? Can any profit be reinvested into stock before it is counted?

    Any help would be much appreciated.

    Thanks
    Thankyou comp posters

    Going through a very dry patch at the minute
Page 1
    • teddysmum
    • By teddysmum 29th Nov 17, 10:07 PM
    • 8,606 Posts
    • 5,093 Thanks
    teddysmum
    • #2
    • 29th Nov 17, 10:07 PM
    • #2
    • 29th Nov 17, 10:07 PM
    I believe you should have separate accounts for your income and the businesses assets/debts.
    • Ryan2uk
    • By Ryan2uk 30th Nov 17, 1:37 PM
    • 125 Posts
    • 3,506 Thanks
    Ryan2uk
    • #3
    • 30th Nov 17, 1:37 PM
    • #3
    • 30th Nov 17, 1:37 PM
    I believe you should have separate accounts for your income and the businesses assets/debts.
    Originally posted by teddysmum
    Thank you for the reply. I have now opened a second bank account.
    Thankyou comp posters

    Going through a very dry patch at the minute
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