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I think the same and Ive been pushing her to do this. This is her dad's brother and they were in business for a long time, so she doesnt want to rock the family boat.. (she's slowly realising she'll have to)
I very much disagree with this. I have been involved in business where the other individual was highly controlling, in terms of personality. The legal aspect of business is clear when ownership is 50/50 - and that is both parties own half. But that's where it ends. There are no rules of the road...
There are 4 each owning 25%.
50 - my wife and her brother (by way of inheritance) and yes he shares her concerns
50 - my wife's uncle and his wife (long time owners)
Quite a complicated one so bear with me.
My wife has 25% share in 5 commercial properties in London, as her share of inheritance. It was left to her by her father who was 50/50 in a business with his brother (my wife's uncle).
Now that she has her name on the deeds, she wants to find out about...
IMHO, the only thing that matters is the ownership. I cite the case of Duncan Cameron and Simon Dixon of MoneySupermarket. Simon gave Duncan 50% of the company to join the company and work in the IT department. They fell out and then Duncan later walked out, but still owned 50% and still...
I think he meant 'controlling' as in a controlling personality, not a controlling ownership.
From what ive read, it seems 83/17 was just the initial monies invested. This investment can be viewed as a 'directors loan' to the business, and the company, if it has funds, can pay that money back...
I've been in this situation twice and will never do 50/50 again without a locked down shareholder agreement. What someone puts in I think is irrelevant as its the shareholding thats the binding legal issue. Any profits will be shared 50/50. I guess you can ask for a meeting and a buyout of their...
Hi all.
I am considering changing the domain name on my website. I am VERY reluctant to do so, existing website is about 3 months old and has just started to be indexed by Google.
However, I found a domain name I like and am considering biting the bullet to change the domain. I have some...