Considering forming a limited company - I currently sell my personal collection of spare, opened, low value, collectible cards. What would happen to all my existing ‘stock’? ‘buy’ it off me over time or would it be listed as a directors loan/asset and be paid back from profits?
Considering forming a limited company - I currently sell my personal collection of spare, opened, low value, collectible cards. What would happen to all my existing ‘stock’ upon formation? Would the company need to ‘buy’ it off me over time or would it be listed as a directors loan/asset and be paid back from profits?