Can anyone advise on the logistics of a share for share exchange where 2 individual shareholders wish to interpose a holding company? The trading company is owned 50/50 by 2 individuals.
My question is, should the holding company be incorporated with say 1 share each, and then a further share is issued through the share exchange, or can it happen simultaneously so that there is only one share subscription in Holdco on incorporation?
Any assistance from someone with practical experience of this would be appreciated.
Thanks
Replies (1)
Please login or register to join the discussion.
You can form the company with two subscriber shares and then either double up the shares so the percentages remain the same so they end up with 2 each in the holding company, or you can form the company with one subscriber share or two unpaid shares and pay up the shares as part of the share for share exchange - either way works.
Let us know if we can help - https://www.fcls.co.uk/share-for-share-exchange/