Recent content by toastie

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    Directors Conflict of Interest

    Hi, I would appoint another director. If it's necessary for me not to work in NewCo at all, then I could comply with that in order to remove the conflict.
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    Directors Conflict of Interest

    Thanks all for the advice, If I resigned my directorship in NewCo until my issues in OldCo is resolved, does that work to remove the conflict, I would still be 50/50 shareholder in OldCo and 100% in NewCo.
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    Directors Conflict of Interest

    Thank you Mr D. I have been advised by a lawyer to resign at some stage, so that seems to be inevitable. My nervousness is that I will lose control of the bank account (dual authorisation) and my business partner can then do pretty much what he likes with the money. We have no shareholder...
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    Directors Conflict of Interest

    Thanks Cyndy, are there any circumstances or form of words that can be agreed in these situations? My current business partner proposed that I setup on my own as part of our discussions on moving things forward. If things do become acrimonious, can i resolving it by simply resigning my...
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    Directors Conflict of Interest

    Hi All, I'm a 50/50 shareholder and co-director of a sales company. My partner and I are going our separate ways once we can agree a valuation and who will buy the other out. In the meantime, I'm setting up another company to continue to trade. I have proposed to list the current 'deals' that...
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    Home workers coming to the office

    she’s excellent at her work and he’s lazy. He and i are 50/50 owners but have fallen out.
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    Owning Two businesses selling same Services

    Hi, thanks all for the replies. I wouldn't seek to transfer any of the current contracts, NewCo would start with new business sales only. I would like to continue in my role in OldCo to ensure those contracts are properly serviced and staff treated fairly while seeking to agree terms of the sale...
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    Home workers coming to the office

    I'm interested to see if a director can use this kind of unreasonable behaviour to dismiss someone. Having looked at this today, as the person has been employed for less than two years, it seems that the director could simply take the person through the termination of their employment contract...
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    Owning Two businesses selling same Services

    I am a 50/50 owner of a business that provides a Service. It has recurring revenues. My partner no longer wishes to play an active role due to other interests. Can I start another business and sell exactly the same Service and be employed by both businesses?
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    Home workers coming to the office

    Hi, if i have a home worker (defined in contract) how often can I reasonably require them to come to the office? if they don't have a suitable car, can i require them to use public transport.
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