Hi all,
We have an incorporated company here. My husband and I are both directors. He is holding an Entrepass and I am on a DP. (I am not actively involved in his business).
Now that he is trucking along nicely, the time has come for me to think about doing my own business.
So my question is - can I apply for an Entrepass with the same company?
Or do I need to start from scratch?
Otherwise, can our existing company go ahead and start trading in a different industry under my husband's existing Entrepass or is that just way too risky/illegal?
I have also heard people setting up as sole traders on a DP but this seems like a very grey area.
Appreciate your thoughts
Cheers
VC
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Starting a second business off the same company ??
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You cannot do an Entrepass through an existing company.
You could work as a DP in the company by having the company apply for a letter of consent.
You could also have the company apply for an EP for you, although since you could do it on a DP I'm not sure what you'd gain.
Almost all companies are set up with a specialty category and the general category 'general trading'. This covers a lot of ground. You can apply online to change a company's principal activities (or add to it) so I see no problem in undertaking a separate line of business. There is nothing illegal about a successful company branching out into different areas.
You could work as a DP in the company by having the company apply for a letter of consent.
You could also have the company apply for an EP for you, although since you could do it on a DP I'm not sure what you'd gain.
Almost all companies are set up with a specialty category and the general category 'general trading'. This covers a lot of ground. You can apply online to change a company's principal activities (or add to it) so I see no problem in undertaking a separate line of business. There is nothing illegal about a successful company branching out into different areas.
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