Recent content by Mikeg1990

  1. M

    How to gain control of my business from my drug addict partner

    Thanks for your reply, it's much appreciated. To be clear, he cannot fulfill his duty's nor is he working in the best interest of the business and shareholders. In terms of a drugs test, though I like this idea it will not be possible at least short term. Coming off these drugs involves...
  2. M

    How to gain control of my business from my drug addict partner

    He has accepted he needs to move on and has accepted a price for the shares. With this in mind, what is the quickest and most efficient way I can gain full control of the business. How long would this process take? How do I cover myself so it does not come back and bite me in the behind?
  3. M

    How to gain control of my business from my drug addict partner

    Thanks for the reply. I want him to resign and I want to buy his shares. Given that this is a limited company and he is a 50% shareholder, what is the quickest and most efficient way todo this? How long would this process take?
  4. M

    How to gain control of my business from my drug addict partner

    Hi all, I've been working with my best friend and business partner for around 4 years. It's recently come to light he is a heavy user of benzos and it's really starting to affect the business. My partner under the influence of drugs is incompetent to run the company. He makes poor...
  5. M

    HELP! Buying my first home with cash from my business

    Interesting, still it looks like a more tex efficient way..
  6. M

    HELP! Buying my first home with cash from my business

    I don't have to pay tax on two accounts do I?
  7. M

    HELP! Buying my first home with cash from my business

    Thanks everyone for your help and advice so far. I must say, looking at this thread it appears that the most efficient way for us to do this is to register a new business which I would loan the money to. Ok we will have to pay the 3% stamp duty surcharge, whereas an individual will not...
  8. M

    Can/shall I buy my first property with cash from my limited company?

    Hey Glen, business has continued to grow, and instead of going down the BTL route, By next May, my business partner and I would like to purchase a property each, using the money we have in the business. I have forecasted that by then we should have enough cash in the business bank account to...
  9. M

    HELP! Buying my first home with cash from my business

  10. M

    HELP! Buying my first home with cash from my business

    I am not looking to evade paying anything so do not make assumptions. FT and other similar publications have articles about what countries investors or businesses seeking to minimise tax should relocate to. I started this thread to find out my options because I want to buy my first house with...
  11. M

    Can/shall I buy my first property with cash from my limited company?

    I appreciate the feedback, thanks. It's not that it sounds "sexy", it just seems like a wise decision to me. From what I understand - if I register a new business that I would then loan the necessary capital to, I can buy the property without too many tax implications. As I mentioned in my...
  12. M

    Can/shall I buy my first property with cash from my limited company?

    Thank you, this may well be the route I go down.
  13. M

    Parking ticket for parking in my own space

    It is, and the permit was on show. It seems it's common especially in blocks of flats with private parking.
  14. M

    Parking ticket for parking in my own space

    I appreciate that this isn't entirely business related however I'm hoping someone can help. I live in a flat with with an allocated parking space. I have a permit for the space that is always on show. The car park is monitored by UKCPS and after the snow last month I recieved a letter saying...
  15. M

    Can/shall I buy my first property with cash from my limited company?

    Thanks for your reply. To be clear I will be buying the first property with cash we've made from the business. It's possible we can get a 10% return on our investment, so we'd plan keep the property for 10 years before we sell... We worked hard trying to achieve the 100k mark in our bank, but...
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