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Business Investment Idea
Morus193
Posts: 15 Forumite
Hi, I set up a Limited company 6 months ago and have built up some funds that I would like to purchase some assets for the company. My idea was to use the funds to buy shares in some FTSE100 companies, I have zero experience of doing such thing before within a limited company. I have done share trading personally. Am I correct in assuming its as straight forward as setting up a trading account with a broker and trade in the same way as personal trading then hand all contract notes to accountant? I guess this will incure some additional accountancy costs? I would really appreciate some advice or guidance as to how this works and maybe any additional costs involved that I have not thought of. Thanks a lot!
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Comments
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Hi, I set up a Limited company 6 months ago and have built up some funds that I would like to purchase some assets for the company. My idea was to use the funds to buy shares in some FTSE100 companies, I have zero experience of doing such thing before within a limited company. I have done share trading personally. Am I correct in assuming its as straight forward as setting up a trading account with a broker and trade in the same way as personal trading then hand all contract notes to accountant? I guess this will incure some additional accountancy costs? I would really appreciate some advice or guidance as to how this works and maybe any additional costs involved that I have not thought of. Thanks a lot!
Not a good idea normally.
Speak to your accountant before doing anything.0 -
I agree what was the purpose of setting up a limited company - was it to trade in shares as an investment company or for another reason?0
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Are you stock trading on your own or trading for others? It will lower your trading costs going as a company rather than individual but usually Quickbooks or Xero will do the job in keeping books. It does for the few people I know who day and swing trade for a living.
That's the only real advantage to going Ltd as a trader0
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