Could anyone please let me know the process of how to transfer shareholding?
Is this relatively simple or would I be better off passing to a specialist?
Thanks
Big Bob
Replies (4)
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Changing issued share capital
It is not as easy to reduce the issued share capital as it is to just rejig the shareholdings, subject to tax issues
Cancel the share?
Bob
Assuming there are four £1 ordinary shares in issue and fully paid. Is there any reason why we can't give one shareholder his £1 back and cancel the share. We then have a company with three issued shares and owned 1/3 each. Maybe this is too simple but hopefully someone else will add further comments. Subject of course to Phil's comment re possible value.
Thanks
Cheers Phil.
Company set up with 4 shareholders 25% each, just about to start trading so no distributable profits, 1 shareholder wants to sever all ties so new split 33/33/34.
So a simple scenario but I haven't done this before.
The actual process is easy
Just download a stock transfer form (google for one).
But you may need a specialist to deal with the tax consequences.
A bit of background info would help.