Recent content by alexdjm1973

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    EIS Relief - Jeopordising qualifying status

    Hi My understanding is that you can become a director after your shares as an investor have been issued without jeopordising EIS. We are not taking a salary for producing the film but will have a % share in any profits it generates. This will be made up of our % share as investors (we're each...
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    EIS Relief - Jeopordising qualifying status

    Hi - Thanks for your interest. Your comment helps. Our issue is that if we were to set up the Ltd co. now, at least one of us would have to be a director, thus owning all the shares. As the 30% ownership rule looks back before the shares are issued to investors, we'd then be counted as connected...
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    EIS Relief - Jeopordising qualifying status

    Hi - Thanks for the reply. Unfortunately the answer is not really there as the company does not exist yet. We intend to become directors after our shares as investors are issued, with no renumeration, basically business angels. We will not hold over 30% each. What we are worried about is if we...
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    Offering shares in ltd company

    Hi - Thanks for the reply. Do you think family / friends/ business aquaintances is ok though? Thanks Alex
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    EIS Relief - Jeopordising qualifying status

    Hi My friend and I will be setting up a limited company. In order that we qualify for EIS we are each taking 28% of the shares, the rest made up from friends investments. We have yet to set up the company. Are we, by sending our friends information on our share offer, deemed to be acting as...
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    Offering shares in ltd company

    Hi, My partner and I are producing a film. We want to raise the finance for the film from friends, family, business aquaintances and potentially strangers (through mailshots in the local area, for example). The Ltd company does not yet exist. We plan to offer shares in the new Ltd company...
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