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AlanahM
Dec 4, 2022 12:21 PM UTC

Relationship between two companies in which I have a personal stake

Hi I’m currently renting a studio from a third party which is an ongoing business expense. Me and my business partner are setting up a studio together which is a limited company would I still need to pay rent to my company or would I just stop paying rent and keep the rent of this new studio as an expense on this company?

    2 replies

    payment after leaving
    Dec 5, 2022 8:47 AM UTC

    Hi AlanahM Thanks for reaching out to us here on the Community. As we're not accountants we're unable to provide you with professional advice. There maybe an accountant that views your post and is able to provide you with the advice that you require.

      mohsinmkg23
      Aug 13, 2023 12:41 AM UTC

      So now you will rent the studio from your limited company instead of the third party?

       

      If so, you should pay to your new company because this is a business arrangement regardless of ownership.

       

      Make sure there is a written rental agreement between your Limited company and your personal business.

       

       

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