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This can only be answered reliably by a lawyer/accountant/cpa who is well versed in local and international laws and regulations. It's not something you should
by hakanderyal 4y ago
This can only be answered reliably by a lawyer/accountant/cpa who is well versed in local and international laws and regulations. It's not something you should act on advice from strangers on the internet.
That said, If it was me, I would err on the side of caution. General rule of thumb is if the legal agreement is between the holding company and investors, the monetary transactions should be between those also, as each company is usually a separate legal entity.
This is not legal advice, and I'm not a lawyer.
- gc2350 4y agothank you for the advice! will consult with a lawyer in our jurisdiction
- brudgers 4y agoTalk to your banker and accountant too. Your banker because it might not be any faster to send the money elsewhere. Your accountant because there might be tax implications or regulatory hurdles. And the investors of course. Because this might not have been what they were thinking you were going to do. Or maybe it is just worth waiting. Waiting is the simplest thing that might work.
- gc2350 4y agothanks for the advice!