![]() However, running a company does cost money, you may not want the formality, expense and greater certainty of a company structure and shareholders agreement in which case an agreement like one of these is perfect. No stamp duty is paid once it is bought as the right of occupation can be treated as a license. Then ownership of the property itself never changes. ![]() If you are looking at an arrangement for more than ten people, then it would be better to hold the property in a limited company and buy and sell shares in it. Whatever your purpose, this agreement will suit.įirst, you should consider the most suitable structure for your sharing relationship. ![]() Perhaps you race the car in your spare time, or perhaps you have a hire business for weddings, or perhaps another arrangement. Whenever you would like to share ownership and use of a car for leisure or business use.
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