I have a existing LTD that has been trading for 9 years it has approx 60K in the accounts with no fixed assets. The directorships held by myself and spouse. No debts, no employees. I want to move into a new line of business and have several options but am not sure how to best achieve what I want.
If I start-up up a new company (B) and keep company A in place for the time being. Can i transfer the 60K in company A to set-up the new business venture via an "inter-business loan" to company B?