Private Company Share Buy Backs – The Company Law Nuts And Bolts For Accountants (July 2022)
Category: Company Law | Duration: 1hr | Tag: VODUK2239 | Type: Video | Speaker: David Impey
Course Details
Share buy backs provide a neat, effective solution in a number of circumstances that crop up in private companies, including fall-outs, retirement and death of a shareholder. But failing to follow the Companies Act procedures makes a buy back void, so it’s essential to get it right. This course will help you identify the problems that can be solved by a private company buy back and cover the nuts and bolts so you understand the procedures to be followed – and pitfalls to be overcome - to ensure the buy back is lawful and effective.
In this session, David Impey covers the following:
- Problems solved by a private company share buy back
- Tax treatment overview
- Types of buy back for private companies
- The procedure – nuts and bolts
- Funds you can use, including ‘small cash payments’
- Checking the company’s constitution – do you care what it says?
- Pre-buyback checks, and approving the buy back contract
- Payment potholes and pitfalls and how to avoid them
- Differences between ‘ordinary’ buy backs and employee share scheme buy backs
- Filing at Companies House and other follow-up tasks
By purchasing this session you will be better equipped to advise your private company clients when a share buy back is appropriate, and how to carry it out lawfully.
CPD Course Speaker
Company Law Solicitor
David Impey
David Impey is a company law solicitor, professional services marketer, writer, and lecturer. His specialities include company law, professional services marketing, strategic planning and implementation, and interactive e-marketing.
As well as specialising in company law, David also works with law firms and other law businesses, helping them with strategy, and marketing, and majoring particularly on overcoming barriers to implementation of strategic and marketing plans and tactics
From 2008 to 2014, he led and worked on a major project for the UK Intellectual Property Office, through Atom Content Marketing (formerly BHP), building and developing an online IP HealthCheck resource that helps small and medium-sized businesses to identify, protect and commercially exploit their intellectual property.
He also worked in-house for 14 fun and profitable years for leading services provider Jordans, becoming Marketing Director responsible for developing, managing and marketing its service and product range. Particularly, he led significant projects to commoditise UK and overseas ‘factory’ professional services and promote them into the UK and other legal markets.
David lectures in the UK and overseas on both UK company law and professional services firm strategy and marketing.
As well as specialising in company law, David also works with law firms and other law businesses, helping them with strategy, and marketing, and majoring particularly on overcoming barriers to implementation of strategic and marketing plans and tactics
From 2008 to 2014, he led and worked on a major project for the UK Intellectual Property Office, through Atom Content Marketing (formerly BHP), building and developing an online IP HealthCheck resource that helps small and medium-sized businesses to identify, protect and commercially exploit their intellectual property.
He also worked in-house for 14 fun and profitable years for leading services provider Jordans, becoming Marketing Director responsible for developing, managing and marketing its service and product range. Particularly, he led significant projects to commoditise UK and overseas ‘factory’ professional services and promote them into the UK and other legal markets.
David lectures in the UK and overseas on both UK company law and professional services firm strategy and marketing.