Re: FN-FORUM: clearing a cheque - name not matching bank a/c name

date posted 20th January 2005 18:25

On 20 Jan 2005 14:50:31 -0000, chris greenway [EMAIL REMOVED] =
wrote:

>
>im registered as a sole trader and can clear cheques in company name and
>personal.
>dont think this works if your ltd though
>hth, chris

It *shouldn't*- when you're a sole trader, there's no "company" as such,
it's "Joe Soap, t/a Super Whizzy Products" whatever- there's no identity
crisis. A ltd co. is a legal "person", and you need to be very careful =
to
demonstrate that you're not mixing up the company's money with your =
money.

The IR have *no* sense of humour about such confusion.


>>
>> hello,
>> does anyone know the legal situation involved in clearing a cheque =
sent
>> with
>> the wrong name on it?
>>
>> my solicitor made an error sending a debt collection letter and asked =
for
>> the cheque to be made payable to my company name. we haven't yet set =
up
>> our
>> company bank account. is there any way of getting this cheque cleared =
into
>> a
>> personal account? i've asked my bank but they were a bit woolly on the
>> whole
>> thing and are currently saying no (i think because they're not 100% =
sure).
>>
>> is my only option to set up a business account a.s.a.p.?
>>
>> cheers,
>> chris
>>

--=20
Marc Wilson

Cleopatra Consultants Limited - IT Consultants
2 The Grange, Cricklade Street, Old Town, Swindon SN1 3HG
Tel: (44/0) 845 890-3012 Fax: (44/0) 871 236-1531=20
Skype: cleo-marc
Mail: [EMAIL REMOVED] Web: http://www.cleopatra.co.uk
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