C
carjo
Guest
Hi
My girlfriend and I are both directors of our limited company.The limited companies carries out construction work ( extensions , refurbs etc)
I have a sole trader business that carries out internal works only( shop fit outs, kitchens , wardrobes etc)
My girlfriend has a sole trader business that carries out interior design and supplies small fixtures & fittings( fancy lights & curtains etc)
We both had our sole traders business prior to getting together and the forming the limited company.
Our building company has just been awarded a large extension for a high profile client.The client also wants to employ my girlfriends business for the interior design and fine furnishings work( based upon its reputation) .Our building company got this work because of her contacts.
Obviously the easiest way would be to just let the limited company do all the work , but I can fully understand that she wants to take the interior design contract through her own business and not through the ltd company as we agreed at the beginning that there would be no overlap between the companies. Unfortunately, because the client is using bank funding for the entire job , they do not want to deal with 2 different businesses.
So my question is , can the limited company take the full contract and sub-contract the interior design element of the works to my girlfriend's sole trader business,(C2 registered) even though she is a director of the ltd company.
I'm sure some people might say that as we are partner's (with kids and a home etc) that is does'nt matter how the money gets to us , but as i mentioned we where both in business prior to meeting (thats how we met) and we agreed in the beginning that "business is business".As well as that , her business is substantially more profitable than mine or the limited company and i would 'nt expect her interior design works to enhance my business profitability.
Sorry if this is a long post , but i wanted to give some background info.Feel free to edit it as needed.
thanks
My girlfriend and I are both directors of our limited company.The limited companies carries out construction work ( extensions , refurbs etc)
I have a sole trader business that carries out internal works only( shop fit outs, kitchens , wardrobes etc)
My girlfriend has a sole trader business that carries out interior design and supplies small fixtures & fittings( fancy lights & curtains etc)
We both had our sole traders business prior to getting together and the forming the limited company.
Our building company has just been awarded a large extension for a high profile client.The client also wants to employ my girlfriends business for the interior design and fine furnishings work( based upon its reputation) .Our building company got this work because of her contacts.
Obviously the easiest way would be to just let the limited company do all the work , but I can fully understand that she wants to take the interior design contract through her own business and not through the ltd company as we agreed at the beginning that there would be no overlap between the companies. Unfortunately, because the client is using bank funding for the entire job , they do not want to deal with 2 different businesses.
So my question is , can the limited company take the full contract and sub-contract the interior design element of the works to my girlfriend's sole trader business,(C2 registered) even though she is a director of the ltd company.
I'm sure some people might say that as we are partner's (with kids and a home etc) that is does'nt matter how the money gets to us , but as i mentioned we where both in business prior to meeting (thats how we met) and we agreed in the beginning that "business is business".As well as that , her business is substantially more profitable than mine or the limited company and i would 'nt expect her interior design works to enhance my business profitability.
Sorry if this is a long post , but i wanted to give some background info.Feel free to edit it as needed.
thanks