There comes a stage in most companies especially those who are family owned that the existing shareholding set up no longer works. For example, you may wish to bring in adult children as shareholders with a view to passing the company down the generations. If this becomes the case then the share structures can be changed to accommodate the needs now. However, any such change in a share structure invariably has a knock on tax effect so care needs be taken.
By working with our tax advisory team we can assess the current share structure and provide advice as to how it can be best changed to meet your current needs and requirements. Additionally, if you’re not sure what might be best then we can provide you with some options to consider.
Your next step? Speak to our team
Our local offices provide support to local businesses with sound tax and accounting advice and good local economic knowledge.
By choosing Cottons you will ensure that you and your business are not at risk of incurring and penalties from HMRC.
We understand that choosing an accountant for your business can be daunting, that’s why we offer a free, no-obligation meeting with a member of a team to help answer any of your questions. Click here to fill in our short form and a member of our team will get in touch