Now, I have a good accountant, and could well ask him, but thought this might help other people too.
I am currently self employed, and have two computers I use for work. However, these weren't purchased with company funds, but were given as part of a termination package at my last job. As such, they are covered under my house hold insurance policy.
I am going Ltd over the next few weeks, and my accountant has mentioned briefly that all assets get moved over. Should I move the computers over? If I do this, I'm assuming that I lose the house hold insurance cover, and so will have to look into additional insurance for the business. Am I right in my thinking?
Is it worth me moving them over? Would it be better to keep them as personal assets? What are the benefits of moving them to the LTD?
The only other thing that might throw a spanner in the works is that I have got some software on here that has gone through the SE books - software needed for the purposes of work that is - no games etc
Thoughts?