Acquisition of Existing Company
Autor: orkhan • December 6, 2012 • Essay • 333 Words (2 Pages) • 1,417 Views
We have to notice that each of the structures will have distinctly different tax implications, which may or may not be appropriate depending on the relevant facts.
As conclusion, importing and exporting issues are a bit different in the UK.UK import regulation impose bans or licensing requirements on some products that product safety, labeling and some steps are controlling. And also you have to check sourcing of suppliers that any local export taxes or requirements for an export license. However, you are regular importer or your supplier takes responsibility, that you may use an import agent to handle customs clearance.
If you are doing export you have to check exports restriction, such as an export license is required or not,and legal requirements in the destination country.The export company should.
On the other hand the situation in acquisition of existing company is to buy the shares of the company that owns the target business or assets and if shares in a company are purchased, all its assets, liabilities and obligations are acquired, even those the buyer does not specifically know about. In this case shares are transferred to the buyer by means of a stock transfer form. So it is the shares in the company, rather than its assets, which are transferred, the business carried on by the company will generally simply continue, although this will be subject to, for example, any change of control provisions in contracts which the target company has entered into.
Joint Ventures is one of the ways to establish your business in international world market and here are the rules that you can follow if you do it in the UK. Joint Venture has no specific meaning in English law, it is like meaning of arrangement between two or more economically independent entities which may take a number of legal form.Here are joint venture in England include ;
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