Have small co client with two directors each owning one share (50% of total issued share cap). Business has debts and not profitable enough to sustain two directors. One has agreed to leave so long as doesn't have to repay his overdrawn loan account and no longer guarantor re bank borrowings. And where can I download a stock transfer form (J10?) from?
Jane
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J10 Form
Hi Jane
You can download the J10 form from here:
http://www.accountantscircle.co.uk/Portals/0/files/pdf/J10.pdf
Anything else, please let me know.
Kind regards
David Toohey
The Accountants Circle
Stock Transfer or Purchase of Own Shares
Thanks for that.
Not sure if first part of my question appeared but what needs to be considered in deciding which option is best or most practical? i.e. should the company repurchase the shares as opposed to a transfer to other shareholder?
Any further help or guidance would be greatly appreciated also.