Change of legal entity - specific criteria for 75% application fee
This is the specific criteria for 75% application fee.
The following scenarios are applicable only when the conditions applicable to all Change of Legal Entity have been met.
| Existing Entity | New entity | Specific criteria that must be met | Fee | |
|---|---|---|---|---|
| 1 | Sole proprietor | Limited Company | Ltd Co has another director/shareholder as well as the previous sole proprietor. Application is for a higher fee category than that held by the existing entity. | 75% |
| 2 | Sole proprietor | Partnership | Partnership is of three persons. Partnership of two but another partner unknown. Application is for a higher fee category than that held by the existing entity. | 75% |
| 3 | Sole proprietor | Limited Liability Partnership | LLP is of three persons. LLP of two but another partner unknown. Application is for a higher fee category than that held by the existing entity. | 75% |
| 4 | Partnership of two persons Limited Liability | Sole proprietor | In circumstance where the arrangements for 'death/retirement of partner' cannot apply for whatever two person’s reason. Application is for a higher fee category than that held by the existing entity | 75% |
| 5 | Partnership of two persons | Sole proprietor | Application is for a higher fee category than that held by the existing entity. | 75% |
| 6 | Partnership | Limited Company/pies | Ltd Co includes a new shareholder who was not a previous partner. Application is for a higher fee category than that held by the existing entity. | 75% |
| 7 | Limited Liability Partnership | Limited Company/pies | Ltd Co includes a new shareholder who was not a previous member of the LLP. Application is for a higher fee category than that held by the existing entity. | 75% |
| 8 | Partnership | LLP | New member of LLP who was not in previous partnership. Application is for a higher fee category than that held by the existing entity. | 75% |
| 9 | Limited Company | Sole proprietor | Ltd Co has directors or shareholders other than the new sole proprietor. Application is for a higher fee category than that held by the existing entity. | 75% |
| 10 | Limited Company/pies | LLP | One or more of the LLP members was neither a director nor a shareholder in the previous entity. Application is for a higher fee category than that held by the existing entity. | 75% |
| 11 | Limited Company/pies | Partnership | One or more of the partners was neither a director nor a shareholder in the previous entity. Application is for a higher fee category than that held by the existing entity. | 75% |
| 12 | LLP | Partnership | One or more of the partners was not a member of the LLP. Application is for a higher fee category than that held by the existing entity. | 75% |
Last updated: 30 October 2024
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