Do you enjoy to be an Accountant to own a share surrounded by an Accountancy Firm?
A friend of mine and her husband set a company up in label only for adjectives use. They had one share surrounded by it each. Now her husband who is a qualified Accountant have started to trade under this baptize and has told her that because she is not an Accountant she can not be a shareholder and have given her a document to sign transferring her share to him.Answers: In short owning part of a business and working for that business are different animals.
I'm sure Peter Jones or any other investor may own shares contained by an accountancy business but are not qualified accountants. After all is Richard Branson a qualified train driver. You do not entail to be qualified to own shares in any business, a awareness of that business is helpful but not the be adjectives and end adjectives.
So in answer to the examine, you don't need to be an accountant to own the shares.
After axiom that to give a better answer you would requirement to know the legal entity of the business, ie is it a partnership, an LLP or an Limited company, and the accountancy body that provided his qualification. it may be that the accounting body that the husband is a bough of, may not allow the use of that bodies logos etc if not adjectives partners within the business are of the same stratum of qualification. To call a firm chartered may be considered ratification off if singular one partner is chartered and the other 3 are not.
Well depending upon the rules of the domicile wherein you reside, I believe that in the environment of a "company" whether it is be private or publically limited...it doesnt situation what profession you are in so long as you are a shareholder you are protected by a mixture of case ruling edicts.
However the huge majority of accountancy firms are partnerships (as are most professional associations), which contained by the UK are majorly limited liability partnership (LLPs) and to be a "partner" you must be able to contribute to the workings of the business, i.e. be an accountant surrounded by an accounting LLP.
Hope this helps
I am an accountant by birth and by profession, what this fellow is doing it is a snub to the accounting profession. The simple accounting principle that is complete is called an "Accounting Entity" this states that an entity is separate and distinct from its owners. Owning a company is one item and running a company is another. The shareholder is not Neccesarily required to perform an accounting buzz be it an operations for the firm or as a product to the clients. An owner have a right to benefit from the proceeds of the firm or suffer a loss when things are not doing fine. To prove what I am saying, permit the wife ask the registering authority why they registered the firm while knowing that one of the owners is not an accountant by profession. Who is to determine the legal beneficiary should be the registering authority not the members. Unless it is confessed that they furnished false information at the time of registering the firm.
What are some Services that highly, immensely flourishing individuals plus?
Something a bit more interesting than accounting, or law. I be thinking maybe roughly looking into restoring old furniture, or conceivably something to do with expensive art (dealing, restoring etc...any other accepted wisdom?Answers: What about concierge services, energy management? Booking acting tickets for them, organising their decorating, running their home, primarily managing their life. It's becoming a big business surrounded by London, lots of people starting to do it. You could look at 'life span management' company websites to get planning, what fees they're charging etc;
How about providing the following peerless services:
1. Door-to-door shredding services where the customer can in actual fact put the materials into a shredder which is already inside of a van.
2. Inhouse photography of documents, antique collections, etc. for estate valuations, wills, insurance inventory, fire and valuables placement should a disaster strike the home; and
3. Bonded break home and residential house sitting along with pet sitting services.
Good luck!
Been stuck in a dead end job for 27 years looking for something differant would like a home buisness eny ideas
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What about some sort of franchise? Two spring to mind which are as a driving instructor (BSM are always advertising for instructors, and the mobile oven cleaning firms such as Cookaburra etc. There are thousands of others, those are the only two I can think of this late at night!
Good luck.
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From Friday get the Free soft phone , try out for yourself, and then decide if this is a business for you or not.
You can start your own home business with no money. Your time is worth something, so think of a service that you could sell (dog walking, baby/house sitting, car washing, personal trainer etc. etc.) and go and do it (costs you nothing).
Look around your home, do you have some items that you don't love or use that you could sell on eBay for £££'s?
Alternatively, you could buy items cheap and sell them for a profit. In markets in towns and cities you can hire a stall and sell them, you can set up a virtual stall on eBay, you can hire a stall at car boot sales - anything.
If you really want to make money there is no limit - just depends upon how determined you are.
Best of luck Bigpathome.