Home – New Forums Money matters To sell software myself or through wife’s business? Reply To: To sell software myself or through wife’s business?

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businesstrade
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brownbag, post: 267958, member: 112769 wrote:
The software is customised software designed by myself and built for my wife’s business. We definitely own it. There’s no other entity that even knows about the software, let alone that would sue us for it.

Perfect, that’s good.

brownbag, post: 267936, member: 112769 wrote:
ICan I work for her for ‘free’ and generate income from the software for her shop (until I quit my job and do this full time)? Or given that I’m doing the bulk of the work, do I have to receive income directly and declare it as my income?

You sure can work for free, no-ones going to stop you. Income that is generated can also be attributed to her company/herself and no-one would be any wiser.

At the end of the day, it is up to you.

Speak to your accountant, these views are just my opinion only.

businesstrade.com.aubuy or sell a business