Seamless transfer

Hi I'm new here so feel awkward asking for detailed advice straight off the bat so to speak. However if you don't ask you don't get i suppose.

I'm an NT and have been approached by my AE about possibly buying the station. Now neither of us know exactly how to do it and are both well aware that if it isn't exactly right it will potentially shut the place down.

He's trading as a sole trader and has been told that one possible way is to complete a seamless transfer so we don't have to close at all is to initially go as a limited company with himself as sole director. then bring me on as a director whereupon I will do my managers course and then apply to be the AE.

To me that seems a convoluted and awkward way to do it and was wondering if any of you guys know a better way. I don't mind whether it's sole trader or ltd I just don't want to screw up the process and lose the station as it's the mainstay of the income here.

Thanks in advance
Sprocket