I would like to sell my share of the LTD company owned by me

Hello, my name is***** hope you are well today. I am a qualified Solicitor, and I will be able to help you by providing you with an answer to your question today. I specialise in UK and Irish Law. I am not always online but rest assured if I do not respond immediately I will respond when I return.

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Does your LTD company owned by more than one owner? If so, all of the shareholders will need to agree to the sale. This is because the assets and liabilities of the business are held by the limited company. When the shares of the limited company are sold, the assets and liabilities are transferred together with the company.

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First, the  parties involved will often negotiate the basic terms of the deal which is sometimes set out in writing using “Heads of Agreement”. This is a document in which the agreements of the parties are stipulated. Secondly, you should prepare a draft of the Share Purchase Agreement which will be forwarded to your son for review and signature.

The transfer of shares in a LTD company is a private transfer. Hence, It is not recorded on the public register.

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