Would love somebody to propose an solution to the following and comment on the two "options" I can think of.
1. Married couple, both would be non-PAYE.
2. A product service offering that would be aimed 70% towards commercial concerns and 30% towards domestic.
3. If the domestic was treated as a standalone it would come under the VAT threshold and hence offer greater competitiveness in pricing.
Leaving aside any LTD company formations, could;
A) The sole trader operate two seperate "Businesses", that being that domestic service would be filed seperately under VAT threshold than commercial service?
B) Could the domestic concern be registered under one partner's name (XYZDomestic) and the commercial one (XYZCommercial) under the other parner's?
Are A and/or B an option, and if so what are the pros/cons?
Many thanks......
1. Married couple, both would be non-PAYE.
2. A product service offering that would be aimed 70% towards commercial concerns and 30% towards domestic.
3. If the domestic was treated as a standalone it would come under the VAT threshold and hence offer greater competitiveness in pricing.
Leaving aside any LTD company formations, could;
A) The sole trader operate two seperate "Businesses", that being that domestic service would be filed seperately under VAT threshold than commercial service?
B) Could the domestic concern be registered under one partner's name (XYZDomestic) and the commercial one (XYZCommercial) under the other parner's?
Are A and/or B an option, and if so what are the pros/cons?
Many thanks......
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