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Can I open a small business while I’m on IVA
Posted: Mon Sep 27, 2021 4:10 pm
by marco
Can I open a small business while I’m on IVA? It’s one year exactly left to finish my IVA.
Thanks
Re: <t>Can I open a small business while I’m on IVA</t>
Posted: Mon Sep 27, 2021 5:24 pm
by Foggy
In theory, yes. But you would have to be sure of being able to carry on with your agreed IVA payments ( a reduction might not be agreed). Also your trading would have to be on a cash basis for equipment and stock you need to buy in (no credit trade accounts). Finally Public Liability Insurance can be difficult to arrange whilst in an IVA.