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Podcast: Wealth Made Simple Podcast
Episode: Purchase Of Own Shares
Description: Shaz discusses the thorny subject of when and how to buy shares internally when it comes to a business - from where to find the money to do so, to how to make sure you remain compliant at all times. KEY TAKEAWAYS Most small businesses tend to be born from a family concern, with the parents founding and the children assuming the reins later. Using a dividend in order to fund the acquisition of more shares is possible, but requires you to consider the tax you'll also be paying. Adjust the sum accordingly. The company can...