Originally posted by WTFH
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Reply to: Shares with buy back rights
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "Shares with buy back rights"
Collapse
-
-
Originally posted by abz2020 View PostTime for plan B.
New LTD will be created with a few people as investors.
There is going to be only one class of shares, but what I want is to make the shares marked with the rule that the company can buy back the shares for at least the price they costed when the company opened. Provided LTD has the cash.
This is to protect the investors.
Any implications w/r to allowable expense for corp tax when LTD buys back the shares.
Leave a comment:
-
Originally posted by Lance View PostI *think* that a company buy back of shares is not an expense wrt to CT as it's all to do with capital investment. The only capital in a company is there after profit/loss.
What you really need is a shareholders agreement. Legal advice is advisable to get this right.
No. Find a decent solicitor. This is outside an accountants area of expertise.
Sorry I wasn't thinking of your typical contracting accountancy firm - I meant a proper more general firm.
Leave a comment:
-
Originally posted by abz2020 View PostTime for plan B.
New LTD will be created with a few people as investors.
There is going to be only one class of shares, but what I want is to make the shares marked with the rule that the company can buy back the shares for at least the price they costed when the company opened. Provided LTD has the cash.
This is to protect the investors.
Any implications w/r to allowable expense for corp tax when LTD buys back the shares.
What you really need is a shareholders agreement. Legal advice is advisable to get this right.
Something else to consider is that a company buy back of shares is gonna be difficult if you've taken all the cash out as dividends. It is probably worthwhile to allow any sale of shares to be bought by the remaining shareholders and/or the company.
Originally posted by eek View PostYou need specialist advice here that no-one here is in a position to actually give you.
Find a decent accountant and pay for their advice...Last edited by Lance; 2 April 2020, 10:53.
Leave a comment:
-
Originally posted by abz2020 View PostTime for plan B.
New LTD will be created with a few people as investors.
There is going to be only one class of shares, but what I want is to make the shares marked with the rule that the company can buy back the shares for at least the price they costed when the company opened. Provided LTD has the cash.
This is to protect the investors.
Any implications w/r to allowable expense for corp tax when LTD buys back the shares.
Find a decent accountant and pay for their advice...
Leave a comment:
-
Shares with buy back rights
Time for plan B.
New LTD will be created with a few people as investors.
There is going to be only one class of shares, but what I want is to make the shares marked with the rule that the company can buy back the shares for at least the price they costed when the company opened. Provided LTD has the cash.
This is to protect the investors.
Any implications w/r to allowable expense for corp tax when LTD buys back the shares.Tags: None
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Leave a comment: