Hi. I am in a situation where i was advised to close down my Privately owned company, and reopen it as a APS, so because company was not too old and had just a few transactions so, closing it down and opening up APS as a new company was cheaper option than to hire Revisor and try to convert the copany. Now, as the old company will be closed, and the new one opened, I still have all the retail items, attached to the old company. So, basically, old the things that I do sell, are still owned by the old company and must be now transferred/sold, to the new company,. My question now is, if there is some specific rules on how should i behave when selling from the old company to the new one. Because i am not looking into making the profit for the old company, yet simply to make the transaction and account for where does the new company gets its retail products from. Can i for example, take all my old company's lager, and sell it to my new company for 10.000 kroner at a 90% discount of real value (100.000). Or is there a limit of sort that i should be aware of when setting up a discount for sale..? Best regards, and thanks in advance! |
Just going from personal company to starting a new ApS is risky business - as goodwill and actives can be taxed and give a heavy personal tax
Selling is at market price incl. VAT and should be documented nothing less - and all that is part of the closing. I think you are running risk by clearly taking advice from different people without necessarily having all considerations. I would NOT do it without a judgement of an auditor
br John Hannover