Richardsons Chartered Accountants
Spin-Outs and Start-Ups: Common Pitfalls
In this guide from Richardsons Chartered Accountants, warnings are given to technology companies of 8 particular hazards:
- Don't Bank on Investment Money until it is in the Bank!
- Watch out for the 'Restricted Securities' rules
- Issue the Shares in the Right Order
- Don't Forget the VAT on Non-Cash Transactions
- Put the Directors on the Payroll
- Don't Forget the R & D Tax Credit
- Don't Overlook Benefits in Kind
- Set an Operating Budget and Use It