An individual is a director and shareholder in a private limited company with unamended Model Articles. The
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An individual is a director and shareholder in a private limited company with unamended Model Articles. The individual wishes to sell their vehicle to the company for use in its business at a price of £40,000. The net asset value of the company is £250,000.
The seeks your advice as to whether they can enter into the transaction immediately or whether further steps are required.
What is the best advice for the individual?
Related Book For
Frank Woods Business Accounting Volume 2
ISBN: 9780273693109
10th Edition
Authors: Frank Wood, Alan Sangster
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