I have a small limited company on which I have received an offer to buy. The proposal is an asset and goodwill purchase for a sum of £175,000, with payment in 12 instalments over 3 years. There is a credit directors loan of £180,000. The proposal is that we retain the company and rename it to allow the purchasers to set up a new company in a similar name to our current trading name.
our renamed company will then invoice quarterly and money paid will be withdrawn from the directors loan.
is this acceptable? Is there a route where shares are sold?