Advice required on 50 50 shareholder
- Legal, Employment and Insolvency
- 23 Replies
As noted above - is there a shareholders' agreement? Also check the articles of the company.
Note that as a director you have duties to all shareholders so be careful trying any sharp strategies which might benefit you and not the other shareholder.
Also, (and subject to the above) you could stop paying divs and potentially pay yourself a salary as director/employee although note potential need for shareholder approval.
Note that as a director you have duties to all shareholders so be careful trying any sharp strategies which might benefit you and not the other shareholder.
Also, (and subject to the above) you could stop paying divs and potentially pay yourself a salary as director/employee although note potential need for shareholder approval.
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