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Buying a going concern
25-08-2008, 02:06 PM
#1
Hi all
I may want to invest and buy a business as a going concern. Cost to me will be £17000. How do I enter this amount into my accounts when I start trading? How do I show that figure on my end of year tax return self assessment? How do I take back the money out of the business (either in whole or in part)once the business becomes profitable? So many questions...... Regds Andy 
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