Myself and two partners own a company that operates a catering outlet and we have been offered the opportunity to open another one.
We are planning to set up a separate limited company for this new operation and I am wondering whether we would get caught by artificial separation?
The same three directors will own both businesses but that will be the only connection. We will have a separate bank account, separate accounts, separate staff with no cross over, different supply lines, different menus and there will be no money or goods that will move between them all.
I don't want to get in trouble but at the same time it would be nice to be able to get the first £80k or so before we have to register for vat.
The guidance online seems confusing as some things seem to suggest that the organisational links of the directors mean we would be caught by it and other suggest that there needs to be links under financial, organisational and economic links.
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