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Pre-business question

  • 05-12-2014 04:00PM
    #1
    infoinfoinfo
    Registered Users, Registered Users 2 Posts: 42 ✭


    This may be a silly question, but anyway :

    1. example
    Lets say that before i even register LLC, i buy some stock somewhere. Can i then sell it as a company on companys website? How does it go to the books than?

    2. example
    I have registered LLC, and friend just gives me some items. Can i sell those as a company and pay VAT on them?

    Thanks
    Tagged:


Comments

  • #2
    dbran
    Registered Users, Registered Users 2 Posts: 2,092 ✭✭✭dbran


    A certain level of pre incorporation expenditure is possible.

    You cannot charge or reclaim VAT unless you are incorporated and vat registered.

    dbran


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