We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Business accound whilst on IVA (trust deed)
evadanit
Posts: 25 Forumite
Please help!
My husband is going to go contracting in the UK, and they have said they will employ him, but need a business bank account.
He went on IVA (trust deed) last year to help pay off his debts (he was £87k in debt).
He has got a business name set up, and paid the fee for that, ,he just needs a business account!
how will he go about doing this?
My husband is going to go contracting in the UK, and they have said they will employ him, but need a business bank account.
He went on IVA (trust deed) last year to help pay off his debts (he was £87k in debt).
He has got a business name set up, and paid the fee for that, ,he just needs a business account!
how will he go about doing this?
After working for a call center in Clydesdale bank I realised that reading the small print is the best thing to do in this World! :rolleyes:
0
Comments
-
If he is a sole trader what fee has he paid and why?
If he gives his clients any account number how will they know if it is a business account or not?
He also needs to take out Public Liability Insurance - any decent broker can help him there.0 -
he paid a fee to set up his plc online.
He needs a separate bank account for the Taxes etc..After working for a call center in Clydesdale bank I realised that reading the small print is the best thing to do in this World! :rolleyes:0 -
So he has set up a Limited company and is not a sole trader.
In that case he will require a bank account and the only answer I can give is to go down to some local banks and see what they can/will offer.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards