HI
A LTD that has not traded for a while has 3 shareholders. They want to be in a position where the compnay is dormant and 1 person holds shares. The other 2 parties have suggested the caompany buys back the shares at nil as there is no value in the company.
my thought is to just tfr the shares to 1 remaining shareholder at nil value.
if they insist on company buy back, is there anything i need to be aware of. I will be looking at cos house website and HMRC, but any tips would be appreciated.
Thanks
Replies (3)
Please login or register to join the discussion.
.
the shareholders may be wasting a lot of time and effort.
why do they want to keep the company.
what assets and liabilities are there?
you've answered it yourself
Why bother with the complicated buy back route when the others could just gift inter vivos ? Quote the cost of you drafting the resolution and filing the forms at CH etc compared to 2 simple share transfer forms and that may concentrate their minds. I'd go for £300 against £75 and may even be more if the articles currently prohibit it.