How do I bring in new shareholders but still keep control of the company? |
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There are two ways to go about it, either by increasing the share capital and allotting shares to your wife and children for a consideration (in cash or in kind). Otherwise, in case where a shareholder loan exists with the company, this can be loaned or granted to the wife and children through a private agreement and then capitalised into share capital. To retain control of the company affairs, there are various ways to go about it. Such include the allocation of preference shares to the children or to a different class of ordinary shares with non-voting rights. |
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by: Neville Cutajar
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