CORPORATE SHARE PURCHASE

If one of the owners of a business becomes critically ill or dies, they or their family might have to sell their share of the business, and this could be to a competitor or some other unsuitable buyer. They could possibly force the winding up of a business. Perhaps the owner's family may wish to become involved in the business, which may be at best disruptive or at worst unacceptable to the other members of the business. It is therefore important that should such an event occur that plans are in place to buy the shares in question. There are certain criteria to be borne in mind when considering such protection. The Companies Act 1981 & Finance Act 1982 give legal requirements:

How does it work:

There are also taxation considerations covering capital taxes on proceeds.

We provide the expertise to place and set up specific schemes to protect the business in such circumstances

Either complete our General Enquiry Form or e-mail us for further information