In providing a share succession solution, it will be necessary to ascertain all of the relevant information as regards the circumstances and objectives of the shareholders. This will include details of the shareholders in the business and their respective shareholdings and confirming which shareholders will be party to the arrangement (i.e. those who are elderly, in ill health or who only have a minority shareholding may not be included) and ascertaining whether any existing arrangements for share succession exist.
Want to read more?
This content requires a Croner-i Tax and Accounting subscription.