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Thread: How do I make my own company pay for my studies

  1. #1
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    Question How do I make my own company pay for my studies

    Hi all

    I completed my 4 year degree from 2007-2010 at my own personal cost.

    Business has been doing well and I do not pull a salary of any kind besides working as the sole owner. I have a normal day job which pays the bills.

    Would it be possible (and legal) to make my business pay for the studies that I undertook for my degree? Basically, all the work I do is based on the knowledge I gained from my studies which is now benefiting my business.

    I'd appreciate the feedback.

    Thanks

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    Hi,
    I would say it's too late now. Trying to contrive matters now would create issues, not least of which are "arms length considerations."

    There are ways to do it, but it needs planning right from the start and assumes that your business is a juristic person,; either a company or cc and is producing income while you are studying.

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    Diamond Member Justloadit's Avatar
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    What you say is true, that your schooling is benefiting your business, but ultimately you personally are now benefiting with income from the knowledge gained from your studies in your business. I would categorize what you have said, with how do you repay your parents back for their participation in your primary and secondary schooling to get you to the point where you were able to participate in tertiary education.

    Sometimes things are done so that you can have a better future, trying to always make it an expense is not what life is all about. Knowledge is power, and the cost to have gained it, far out weighs it by the pleasure of using it.
    Victor - Knowledge is a blessing or a curse, your current circumstances make you decide!
    Solar and LED lighting solutions - www.microsolve.co.za

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    Diamond Member Justloadit's Avatar
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    Quote Originally Posted by BiancaMoretti View Post
    Hello Friends,

    These are now very affordable and available at wholesale prices for about $147. Be sure to look for a wholesale supplier, not a retail seller such as a bank. Banks usually charge higher prices or rent it to you, and you may pay for it many times over. The same credit machine supplier will more than likely be able to offer you credit machine service too. This monthly cost is about $10. By doing this you'll be able to get equipment for less then the price of some cell phones. More importantly, you can offer your customers an easy way to accept credit cards. The goal is to help customers self-finance their purchases when they don't or can't use cash.

    Thanks and Regards,
    Bianca Moretti

    *spam removed*
    and what has this got to do with the theme of the thread?
    Last edited by Dave A; 19-Dec-12 at 07:30 PM.
    Victor - Knowledge is a blessing or a curse, your current circumstances make you decide!
    Solar and LED lighting solutions - www.microsolve.co.za

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    Site Caretaker Dave A's Avatar
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    Quote Originally Posted by Justloadit View Post
    and what has this got to do with the theme of the thread?
    Problem solved
    The trouble with opportunity is it normally comes dressed up as work.

  6. Thanks given for this post:

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