Directors leaving

[Radrich]

Can the directors of a limited company (25% each in terms of shareholding) leave the company, giving their share of ownership to a remaining director who is prepared to carry on the trade and carry the burden of the debt, or is it much more complex than that. There are no personal guarantees at stake here.

 

[Truemanbrown]

What does the Articles of Association say? That should be your first port of call.

 

[Williams lester]

Then your shareholder agreement (if you have one)!