Management Buy-out: A Guide for the Prospective Entrepreneur |
From inside the book
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Page 80
... close com- pany legislation . The definition of a close company can be complex , but essentially for a private company it is one which is controlled by five or fewer shareholders or by its directors , irrespective of their number . The ...
... close com- pany legislation . The definition of a close company can be complex , but essentially for a private company it is one which is controlled by five or fewer shareholders or by its directors , irrespective of their number . The ...
Page 81
... close company Perhaps the most important of the close company provisions are the measures to oppose the accumula- tion of capital in certain types of company . Where income is either classified as estate or investment income , as ...
... close company Perhaps the most important of the close company provisions are the measures to oppose the accumula- tion of capital in certain types of company . Where income is either classified as estate or investment income , as ...
Page 82
... company . Alternatively , the company need not be a close company to obtain this relief provided that the employees own 51 per cent of the equity . In this case there must be at least six employees and the company must be unquoted ...
... company . Alternatively , the company need not be a close company to obtain this relief provided that the employees own 51 per cent of the equity . In this case there must be at least six employees and the company must be unquoted ...
Common terms and phrases
Achievement activity advisers Amari approach arise assess assets balance sheet bank Brian Taylor budgets business plan buy-out scheme buy-out team capital gains tax cash flow cent close company co-operatives company's completion complicated corporate deal debt difficulty directors divestment early economic growth emerge employees entrepreneur entrepreneurship equity factors favourable fees Finance Act 1980 financing forecasts high n ICFC implications important independence indication initial offer Inland Revenue interest investment involved issue Jon Pither lan McCue lead financier London major management buy-outs ment Mezzanine Capital Midland Bank million motivation negotiations numerous obtain organisation perhaps possible preference shares problem production professional advice profits prospect purchase relief result risk Sarasota Section 54 share option shareholders situation small businesses Stock valuation Storeys structure subsidiary substantial successful team members theory tion trading valuation vendor venture capital Wardles workforce