Transfer of a company and issues of shares
M owns 100% of F Ltd and 100% of O Ltd.
M wants to move F Ltd so it is wholly owned by O Ltd. M also wants to issue shares to P and to T so that the ownership of O Ltd is M 34%, P 33% and T 33%.
Neither F Ltd nor O Ltd have ever traded, they have no value in them and neither is more than 18 months old.
Is there a better order for these transactions?
i.e transfer the shares of F Ltd to O Ltd and then issue new shares in O Ltd or
issue new shares in O Ltd and then bring in F Ltd as a wholly owned subsidiary?
Anythin else to watch out for?
- Payroll experience for beginning AAT student 93 1
- Providing registered office address to clients 52 1
- Share premium or Directors Loan 756 31
- Enquiry into tax return - how co-operative would you be? 375 8
- Halloween - do you celebrate it? 1,433 47
- Interest on HMRC contract settlement 171 3
- Goodwill gesture for providing work 451 12
- VAT reconciliation and VAT return on Sage 125 3
- What would you do in this situation? 192 5
- Filing a P87 (professional fees) before year end. 144 2
- Recommendations for payroll/AE software? 619 13
- More HMRC on gov.uk 650 11
- Rollover relief - when does gain crystallise in this situation? 98 1
- Offshore company transferring assets to a UK individual. 348 14
- Interest Free Loan - Salay Sacrifice? 249 4
- Research and development - repayment timescale 222 5
- Sole trader hid directorships. 411 6
- NOVA 558 1
- Clearing payments on account/ Sage 50 282 10
- Regional Development Grant 131 4
- Bonus Bonds 394
- Insolvency and whistle blowing 384
- Transfer of funds into recently set up company 296
- TPR imposes first penalty notice fines 261
- Box 8 VAT Return - deposit payment 188
- Husband proposes to buy the car as Director unable to acess finance 186
- Company Car Lease 159
- Finance Lease 158
- Form 42 150
- Demerger Reserve 132