Shaz looks at what happens when a shareholder wants to sell their shares and how other shareholders can raise the capital to buy them without involving an investor
Hear about POOS - purchase of own shares and how this can mean a substantial saving in taxes

KEY TAKEAWAYS

• If a shareholder wants to retire they will want to sell their shares  and other shareholders are likely to want to buy the shares
• You need to have a gross profit that includes the money that needs to be paid in tax on the dividend
• You will also need to factor in corporation tax payment
• POOS - Purchase of Own Shares means the company  can buy back shares from anyone who is retiring
• Has to be a trading company, the person can’t own more than 30% and has to have owned the shares for at least 5 years

BEST MOMENTS
‘Purchase of Own Shares means the company  can buy back shares’
‘Other shareholders are likely to want to buy the shares

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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