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Advice on self employed stock holding
betterlife2009
Posts: 87 Forumite
Hi
I am due to petition for bankruptcy imminently however for the past year my partner(not business partner) has been purchasing stock for me to sell to try to keep the business afloat and allowing me to keep the profit only taking the stock cost back
All stock purchases are with their name on the invoices or paid by their credit card
What will the OR say about that?
Help please
I am due to petition for bankruptcy imminently however for the past year my partner(not business partner) has been purchasing stock for me to sell to try to keep the business afloat and allowing me to keep the profit only taking the stock cost back
All stock purchases are with their name on the invoices or paid by their credit card
What will the OR say about that?
Help please
0
Comments
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I would say if your partner has been purchasing the stock it is their stock until such time as you sell it. .... or it could be his/her business and you are working for them???
:j :j
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