Recent content by johnny45

  1. J

    Ceasing to be a Director of Ltd – Indemnity and Director Loans

    @The Resolver @Scalloway @Mr D + others - Sorry for the late reply and thank you for all your help. Yes, there is a signed shareholder agreement. I own 35%. No dividends paid so far. Loan agreement is in shareholder agreement which just states that my loan is the lowest of priority against...
  2. J

    Ceasing to be a Director of Ltd – Indemnity and Director Loans

    @Scalloway Having read my shareholder agreement it states: 1. The Loans shall become repayable on demand if an Insolvency Event occurs and is continuing - but obviously if this does occur, there wouldnt be any money to repay me anyway? 2. It states that my loan will be repaid pro rata as...
  3. J

    Ceasing to be a Director of Ltd – Indemnity and Director Loans

    Hi, I am potentially looking to exit a business whereby I am an employee, director and minor shareholder. Two Questions: 1. I have a director’s loan in terms of money I have put into the company as a loan that the company owes me. What happens to this outstanding balance and must it be...
  4. J

    Re-Selling branded product within my company product

    Hi, My situation is that I am looking to sell a product under my name/brand which consists of various components (other branded products) to make up my product. If one of the components is a clearly identifiable brand, and I mention this brand in the product description, do I have to make sure...
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