Transfer Of Business By Partnership To Company
Transfer Of Business By Partnership To Company applies where a partnership business is being transferred as a going concern to a (new) company, and the partners exchange shares in the company for the partnership assets.
What does Transfer Of Business By Partnership To Company do?
It documents the transfer of the partnership business to a company and the basis on which the partners receive shares in exchange for the business assets.
What does Transfer Of Business By Partnership To Company cover?
It includes clauses covering:
- transfer of the business
- liabilities
- consideration (including the issue of shares)
- completion
- employees
- general provisions
It also includes schedules covering the partners, the company, excluded assets and premises.
When should you use Transfer Of Business By Partnership To Company?
Use it when the partners are incorporating and moving the partnership business into a company as a going concern, and the partners are receiving shares as consideration for the transferred assets.
Transfer Of Business By Partnership To Company is part of Corporate. Just £38.50 + VAT provides unlimited downloads from Corporate for 1 year.