Hi
I am a 3rd shareholder of a small business. My 2 Partners and I ride dirt bikes and are going to start racing (amateur) this year.
I was wondering if the business can sponsor our riding and how much the sponsorship can be worth (if there is a limit) also as the recipients of the sponsorships would be liable to pay tax.
Thanks in advance for your advice.
Wayne
Did you like this article? Share it with your favourite social network.