Share purchases & buybacks
In contrast to an Asset Purchase Acquisition, a Share Purchase is more onerous for a purchaser and advantageous to a seller. When acquiring a business by share purchase, the purchaser buys the entire share capital of the target and takes on the target company lock stock and barrel. This includes all liabilities of the target company and in particular the tax history. The purchaser’s legal protection is found in the warranties and indemnities that make up the main part of the share purchase agreement known as the SPA.
In terms of taxation, a seller may benefit from certain tax reliefs when the deal is structured as a share purchase. Our commercial team work with your professional advisers in order to maximise your tax position on acquisition.
PRACTICE AREAS
What our Clients say
“I recently used AMD for the conveyancing of a residential property purchase. They were genuinely brilliant from start to finish. Jo, Rosie and Laura went above and beyond to progress the purchase and were always available at every stage. 5 stars!”
05/05/2023
“AMD Solicitors excelled in looking after us on a recent residential property sale in Bristol. They were friendly, attentive, efficient, and supportive throughout. We have also worked with AMD on commercial leases, and I thoroughly recommend them to anyone needing a reliable solicitor in Bristol”
Mr B, August 2023
08/08/2023
“Dear Grant,
I wanted to take this time to express my gratitude towards yourself and Jack for the fantastic work you have produced on a shareholder’s agreement for our company, Howha PMI Limited.
We knew we needed a shareholder’s agreement, however, whilst we are experts in the Private Medical Insurance (PMI) field, I would say we are rather uneducated when it comes to shareholders’ agreements. Therefore, we wanted professional advice from someone who would explain the agreement, and process in plain English. Something I’m pleased to say both you and Jack achieved.
During the process we had to change the goal posts and AMD took this in their stride. We believe any company who have multiple directors should have a shareholder’s agreement in place and any company looking for one, should be contacting AMD Solicitors to set it up.
Thank you once again for your time and expertise.”
HowhaPMI Limited, July 2023
14/07/2023TALK TO OUR SOLICITORS
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