Company Re-structurning

Where one Limited company has 4 different types of business operating under the one umbrella and there are only two shareholders, what is the easiest way to re-structure the company if now one shareholder wishes to own 1 of the business while the other shareholder retains the other 3 and receives €X,000. Would it be to set up a new company and then transfer the business into this new company. Just CGT and Stamp Duty will then arise I presume

You will need to provide much more information about the 4 different businesses, their expected valuations, shareholders personal circumstances (such as are the shareholders able to avail of early retirement relief, what succession plans do they have, can they avail of previous capital losses etc) in order to receive useful advice.

Depending on the factual matrix, the solution might be a Members Voluntary Liquidation with a distribution of the assets in specie (which would avoid stamp duty) or "hiving" one business down to a subsidiary, or a sale of one business to a shareholder etc

Jim Stafford

There are a number of ways of doing this, tax reliefs may be available and it is complex. Complex legal and tax issues arise and you need to pay for decent advice. Specialist area and all the matters Jim refers to above.