Recent content by Thenextstep202

  1. T

    50% shareholder MBO

    The company is solvent yes. And no A is not bankrupt. I assume B would step up to be a director if A resigned but I see that leaving it without an official director could cause issues. A's preferred situation would definitely be to buy out B/C but her offer was rejected completely (they...
  2. T

    50% shareholder MBO

    Hello, Person A owns 50% shares in small business and is the only registered director. Person B owns 25% shares along with her husband (C) who also owns 25% but is not involved in business day to day. There is no shareholder agreement in place. A & B run the business day-to-day with other...
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