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  • FIRST POST
    • premiumz
    • By premiumz 11th Jan 18, 4:43 PM
    • 18Posts
    • 1Thanks
    premiumz
    Advice on setting up a company to house all businesses
    • #1
    • 11th Jan 18, 4:43 PM
    Advice on setting up a company to house all businesses 11th Jan 18 at 4:43 PM
    Hello,

    I'm wondering if someone here could give me some advice on my current situation.

    At the moment I run a few different websites. Lets says we have website A website B and website C. They all generate revenue but payments for these websites go through website A's bankaccount.

    This is because I started with website A and it was easier to use that bankaccount for revenue generated from website B and C.

    I no longer want to do that because it can be confusing for companies sending payments.

    I now want Website A B and C to be under another company.

    So I would like either,

    All revenue generated from A B C to go to the new companies bankaccount instead of website A's bankaccount and therefore it will be less confusing.

    or

    Website A B C have their own bankaccounts and then that money is forwarded to the new company.

    The first option is the best choice as it is a lot simpler.

    At the moment Website A is a LTD company. I want accounting to be simple and not multiple books and bills for each website. Just one tax bill for the company for all websites in it.

    Hope that makes sense.

    Many thanks
Page 1
    • 00ec25
    • By 00ec25 11th Jan 18, 7:13 PM
    • 6,513 Posts
    • 6,069 Thanks
    00ec25
    • #2
    • 11th Jan 18, 7:13 PM
    • #2
    • 11th Jan 18, 7:13 PM
    so A is already a Ltd Co

    what therefore are B and C and why don't you just do what you said, channel it all through A
    • Eric_the_half_a_bee
    • By Eric_the_half_a_bee 11th Jan 18, 7:16 PM
    • 1,143 Posts
    • 5,894 Thanks
    Eric_the_half_a_bee
    • #3
    • 11th Jan 18, 7:16 PM
    • #3
    • 11th Jan 18, 7:16 PM
    You could just change the name of the Ltd company from "Website A Ltd" to, say, "premiumz enterprises ltd", and flow this through to the bank account name?
    • premiumz
    • By premiumz 12th Jan 18, 11:12 AM
    • 18 Posts
    • 1 Thanks
    premiumz
    • #4
    • 12th Jan 18, 11:12 AM
    • #4
    • 12th Jan 18, 11:12 AM
    You could just change the name of the Ltd company from "Website A Ltd" to, say, "premiumz enterprises ltd", and flow this through to the bank account name?
    Originally posted by Eric_the_half_a_bee
    Yeah I did think that would also be possible.

    So I change the LTD company name and then simply file all websites revenue under that one company for one set of books, right?
    • Savvy_Sue
    • By Savvy_Sue 13th Jan 18, 1:30 AM
    • 38,615 Posts
    • 35,341 Thanks
    Savvy_Sue
    • #5
    • 13th Jan 18, 1:30 AM
    • #5
    • 13th Jan 18, 1:30 AM
    If you're running a ltd company, do you not have an accountant?

    And if you don't, now might be a very good time to consult one.
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