Shaz discusses the thorny subject of when and how to buy shares internally when it comes to a business - from where to find the money to do so, to how to make sure you remain compliant at all times.
KEY TAKEAWAYS
Most small businesses tend to be born from a family concern, with the parents founding and the children assuming the reins later.
Using a dividend in order to fund the acquisition of more shares is possible, but requires you to consider the tax you'll also be paying. Adjust the sum accordingly.
The company can buy back the shares and liquidate them, making the smaller shareholder the larger shareholder by default.
BEST MOMENTS
'The company can buy back the shares!'
'Once they've sold their shares, they can't own more than 30% of the shares remaining'
VALUABLE RESOURCES
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ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
You can find Shaz on:
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