Using share buybacks to allow a director to retire & the remaining director not having to use savings or a re-mortgage.
Our experience has helped many clients achieve the above.
Via tax planning and helping our client’s build the profits within the business, we have been able to do share buybacks where this was funded fully by the business.
What this has meant for the exiting director, is that his shares can effectively be sold back to the company without external finance or selling to a third party.
More than that, the remaining director does not have to use his own money, which usually requires depleting life savings or re-mortgaging the family home.
The exiting director is able to then enjoy the value received from the business on retirement and the remaining director has full control of the business.