Will the existing co close having paid all its debts?
Rights to film will be transferred to subsidiary and then subsidiary split from parent as sole ltd and
mininal assets e.g. computers will be sold/also transferred
company does not have any debts
will be wound up
In which case, I can see no reason why you cannot dothis. There is certainly no reason in law why you cannot transfer from onecompany to another, any assets provided creditors and shareholders of theoriginal company are not disadvantaged.
I cannot think why you are doing it this way, but thereis nothing to stop you doing it. Except, as I have mentioned in the previousparagraph
Can I help further?Please bear with me today andover any weekends because I will be online and off-line.Please don't forget to positively rate my answer service (even if it was notwhat you wanted to hear) and I will follow up any further points you raise forfree.If you don't rate it positively, then the site keep your deposit and I get 0 formy time. It is imperative that you give my answer a positive rating. It doesn'tgive me "a pat on the head", "good boy" (like ebay), it is my livelihood!If in ratings you feel that you expected more or it only helped a little,please ask me for further info before rating me negatively otherwise I don'tget paid at all for my time and answer. The thread remains open for us to continue this exchange
You have replied from a law perspective but not a tax perspective - will it affect any EIS claimable and or their tax loss claim?
thank you I await their reply
please continue to seek somebody
Maybe if I rephrase the question somebody may be able to help?
Will a shareholder be able to claim loss relief on losses made in their shareholding of a EIS company, if
a) the company is wound up using a standard members voluntary liquidation with a subsequent distribution in specie
b)a section 110 reorganisation
would like to know if both cases would qualify
Hello,Please understand it is rare for us not to be able to find the right Professional to assist our customers. We can either return your good faith deposit to the original funding source, or we can keep your deposit on your account here for future questions. Please let me know how you wish to proceed and again I apologize for any inconvenience this may have caused.I hope you will give JustAnswer a try again in the future,