Can my partner, spouse or children use my company?
Yes. It is perfectly feasible for another person to use your company, provided they are working to the same pattern as you, and not using it for stock holding or investment purposes if you are not working that way.
Under certain circumstances, there may be a tax advantage if a partner or spouse is made a shareholder, but this depends upon individual arrangements. If you would like further advice, please get in touch with our team.
We strongly recommend that children under the age of 16 are not shareholders.
Author: Amy Fowler
Published on:
Last updated: 2nd September 2024