A company is about to sell its intellectual property. for $500,000 - its only asset.
I said sell the shares and get Entrepreneurs relief it will be cheaper.
They said the purchaser doesn't want to buy the company as they dont want to do due diligence and find any latent liabilities.
If we set up New co and sell the IP to new co for a £1 then sell new co shares to the purchaser for $500,000 will this very simple plan blow up in our faces?
or has anyone any bright ideas?
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