... who he trusts and happens to have the right amount of dosh? or does he have to invite tenders for the purchase of the business in order to be seen to be conducting business in a competitive way. Will he fall foul of Compulsory Competitive Tendering regulations or the Monopolies and Mergers Commission?
2007-01-28 00:13:49 · 9 answers · asked by anabelezenith 3 in Business & Finance ➔ Small Business
Since you are asking about UK Company law I assume it is a limited company. Unless there is a restriction in the company's Articles of Association, you are free to sell your shares in the company to whoever you wish. The various regulatory bodies you refer to will not be interested in the sale
2007-01-28 07:33:31 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You can sell it to who ever u like, it's a free market, it can be a friend or family member, anyone who has the cash, then whatever they do after is their responsibility, it's just a case of keeping a receipt for Mr Taxman and informing him that you no longer run that business so they cancel the collection of your insurance stamp payments if u stop being self employed and then the new owner has 3 months to register.
2007-01-28 00:31:23 · answer #2 · answered by just-dave 5 · 0⤊ 0⤋
Basically you can sell the company to whoever you wish. What you need to do though is to get the Company valued by an accountant beforehand. In order to change the directorship, your accountant will help you with that - he may charge you a small fee though. Your friend should still be able to retain the Company number as well.
Hope that helps!!
2007-01-29 06:02:30 · answer #3 · answered by Anonymous · 1⤊ 0⤋
you're puzzling 2 categories of conservatives. There are "ethical conservatives" (or non secular conservatives) and there are constitutional conservatives (or libertarian conservatives). those 2 communities are to blame for plenty of the infighting in the republican social gathering. There are fairly 5 substantial communities in the republican social gathering, with the different 3 being economic conservatives, protection republicans, and "classic" republicans. while listening to republicans, this is style of exciting to attempt to make certain which of the 5 factions they belong to. additionally observe that there are coalitions between the factions like "necons" (protection/ethical) and "tea-partiers" (economic/Constitutional), yet no longer all contributors of the factions in touch would be in the coalition.
2016-09-28 02:26:47 · answer #4 · answered by ? 4 · 0⤊ 0⤋
Of course you can! You can sell it to a cat if you like. If it's a company that is privately owned by you - you can sell it for a button.
2007-01-28 00:18:41 · answer #5 · answered by ? 5 · 2⤊ 0⤋
The owner can sell it to who ever he wants.
2007-01-28 00:16:29 · answer #6 · answered by Ollie 7 · 2⤊ 0⤋
In UK he can sell to whom he wants to
2007-02-02 07:01:53 · answer #7 · answered by Professor 7 · 0⤊ 0⤋
just sell it to him , unless there is some huge corporation who want your company whatever the price no one will care .
2007-01-28 00:18:22 · answer #8 · answered by Anonymous · 0⤊ 0⤋
like hello...
he can sell it to whoever he wants!!
what law says that he cant?
2007-02-03 20:05:39 · answer #9 · answered by Anonymous · 0⤊ 0⤋