Recent content by Paul Murakami

  1. P

    Inter company loan agreement?

    That link doesn't seem to work anymore. You can try the following one instead: www.intercompanyagreements.com Paul
  2. P

    Inter company loan agreement?

    You could try the template intercompany loan agreements here: http://www.groupreorganisation.com/?p=115
  3. P

    Partnership of two, one wants to resign

    Hi Julie Are you the one who wants to continue using the previous name? Do you actually want to wind up the partnership? If the answer to both questions is 'yes', you should ideally arrange for a termination agreement to be signed which assigns to you the rights in the business name...
  4. P

    What is the impression you get from this name?

    Sounds fine to me, but a bit on the traditional / conservative side.
  5. P

    Cost effective Business terms contract help please!

    £600 to £1000 sounds pretty reasonable. Obviously you could research other businesses providing the same services, and get hold of the standard terms they use. But you would need to be careful not to breach their copyright.
  6. P

    Suspend company director

    I agree with the previous post - you need to distinguish between the individual's role as director and as employee. In relation to the director role - it may be simplest to remove him as a director. That's also probably better for him: as a director, he's subject to various legal duties, and...
  7. P

    Business customer changed his mind

    Generally speaking, a customer has no right to a refund (assuming the goods were not defective). It's irrelevant whether the goods have been used or not. Sounds like a try-on to me!
  8. P

    Conflict of Interest

    Hi there, I'm sorry for your loss. You said that you are 'being appointed' as a director. From a legal perspective, you'll be in a much better position when you actually are appointed. Depending on what else is happening, it may be better to push to be appointed first, before you make...
  9. P

    Can I legally control the conditions of shareholdings?

    I agree with the previous posts - a shareholders agreement is the ideal place to deal with this. It's a little late in the day to try to put this in place, but better late than never. You'll need to think about what leverage you can best apply - in other words, how you can incentivise the 10%...
  10. P

    limited partnership - urgent advice needed

    If all four directors signed a personal guarantee in favour of the bank, it's likely to have been a 'joint and several guarantee', meaning that the bank could pursue any one of you for the whole amount. Unless you had some other agreement with the other directors, you would have the right to...
  11. P

    HELP - Deposit for business purchase

    I agree with Bill. An oral contract can be as legally binding as a written one. It's just harder to prove what the terms were.
  12. P

    Can a foreigner be a director of UK private limited company?

    There are no restrictions on students holding office as director. But you need to be at least 16 years old.
  13. P

    Forfeiture of shares

    You need to dig out the documentation relating to when you acquired the shares. In principle, if you subscribed for shares which were unpaid or partly paid, and you're still the registered shareholder, you're on the hook if the company demands the balance payable on the shares.
  14. P

    Buying shares in a private limited company

    Hi Nick With respect, I disagree. Shares in a private company can be immensely valuable - would you turn down shares in the Virgin group if they were offered to you? Conversely, just because a PLC's shares are listed doesn't mean that there's a liquid market in them. Best regards Paul
  15. P

    Holding company

    It is common to register company names in order to prevent competitors using the same name. However, it only gives limited protection, and it may not prevent others registering names which you consider to be similar. In order to protect trading names more widely, a trade mark registration...
See more
Top Bottom
Community
Articles
Menu