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For most company directors, there comes the point where they want to close their limited company. For some, the reason is to transition into a sole trader role or because they have found permanent employment. The reason for others can be as simple as retirement. However, it isn’t often easy to close a company. There…

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When purchasing shares in a company, it’s vital to know what types of shares best fit your needs. Popular belief tends to paint all shares with the same brush, ignoring any nuance between types of share. One such share that has distinct properties is preference shares, also known as preferred stock or preferred shares. In…

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Many companies need to borrow money from lenders or banks in order to boost their growth and development. In the instance that this occurs, the lender or bank will take some security for the debt. This helps to protect them in the instance that the company becomes insolvent and cannot pay back the amount. Allowing…

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When a business gives away assets, or sells them for less than they are worth in order to help the buyer, it might be eligible to claim holdover relief. This is a form of capital gains tax deferral. To help directors understand holdover relief and whether they are eligible for it, in this guide Clarke…

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Many directors will be faced with the decision of whether to close their limited company or leave it dormant. Closing a limited company is a big decision that directors must take careful consideration over, and some may instead prefer to leave the company dormant if they feel the company could be revived in the future.…

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