Succession planning in a small business can be a complex matter. Often the business might not attract external buyers or might be somehow unsuitable for sale. One option to consider is selling the business to current employees. This can be done in one transaction or as a process.
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Section 35 of the Companies (Corporate Enforcement Authority) Act 2021 has now been signed into law and will take effect on 11th June 2023. This means that certain filings to the CRO after this date will require a PPS number for company directors.
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