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Previously on "How do I merge two compaines?"

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  • jetrimby
    replied
    HI There are ways of merging the businesses by way of group restructuring etc BUT complex/involve legal and tax issues etc... Generally Maslins advise is the correct one in practice unless there is lots of money involved and good reasons to do it. If out of convenence only look at the "sale" of one business to other and close old co down. Too little info to advise properly but generally better off keeping things simple!

    Leave a comment:


  • Maslins
    replied
    You can't formally merge them. Essentially one will need to sell its trade and assets to the other. Then the first one can be struck off.

    If there's anything remotely significant being transferred, you should definitely speak to a professional about it first. You may well have chargeable gains in the selling company, and things like balancing allowances/charges on any capital items transferred.

    Leave a comment:


  • sweetandsour
    replied
    The first question that I have is why would you do this?

    Leave a comment:


  • LazyFan
    started a topic How do I merge two compaines?

    How do I merge two compaines?

    I have two companies and I wish to merger them into one.
    Any idea how I go about doing this arduous task with Companies House?

    Thanks.

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