Parents / partners retiring from family ltd company and how i buy them out.

[kswinto]

Hi all.

First post so bare with me.

My wife and i have a 51% share in family Ltd Company and parents have 49%. Parents are looking to retire in a couple of months.

My wife and i will be taken over 100% of shares at that point.

Company has 140 - 150k in p&L reserves.

What is best way to get their half share of P&L reserves out business.


Thanks

 

[Tej]

Hi There, and welcome

I think you should post this in the Accounts forum for a response. There are very knowledgeable accountants there and would be well placed to guide you

Hope this helps