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At least in the UK, this would not be considered unethical I don’t think. It’s standard practice to buy a building personally and rent it back to your own comp
by dnh44 7y ago
At least in the UK, this would not be considered unethical I don’t think.
It’s standard practice to buy a building personally and rent it back to your own company. It’s what accountants recommend you do.
- toasterlovin 7y agoThat’s fine if you’re the sole owner of your company, but not so much when there are other owners who have collectively invested billions.
- youngtaff 7y agoThat's generally for relatively small businesses, particularly family owned ones - often the premises are owned by the company pension scheme, which is both tax efficient and allows the wealth to be passed onto future generations It's also not unusual for some larger companies to have their head office owned by the founder / majority shareholder in a separate company, Monsoon and Arcadia in the UK are two examples of this