Limited Company Disincorporation

Limited Company Disincorporation

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Professional services client

Incorporated from sole trader several years ago - the goodwill created has since been amortised, and claimed against Corporation Tax

Company has 2 shareholders (50/50)

Could each shareholder sell their shares to the partnership, then the company cease to trade,and then for the partnership to purchase the goodwill in the company?

What is a straight forward method of doing this?

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By blok
05th Jan 2012 12:53

.

your suggestion seem a bit long winded.

1, what partnership are you referring to? 

2, when did the business (trade) commence?

3, when did the company buy the goodwill?

4, what are the drivers for disincorporation?

 

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Replying to Tornado:
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By Alchemy
14th Jan 2012 20:34

Thanks

Business commenced 20 years ago as a sole trader

Company bought the goodwill 10 years ago

Idea would be for a partnership (comprising the current company's shareholders) to buy the business

Drivers - to create a tax saving plan

 

 

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