- Original Poster
- #1
I have a management company that has two commercial sites. I am the sole director. I am bringing someone on board who will expand the business to other sites.
As part of the agreement this person would have majority shareholding as they will drive expansion of future sites whilst my time will be concentrated on the existing sites.
The reason for doing this under the same company is for credibility that we have done these projects and looks good keeping it together in one company.
However, we agreed that I need to retain control and the profits of the existing two properties so essentially they would be ring-fenced.
How can I structure this to achieve the desired result? I cant see how to do it without using another company for the other properties.
As part of the agreement this person would have majority shareholding as they will drive expansion of future sites whilst my time will be concentrated on the existing sites.
The reason for doing this under the same company is for credibility that we have done these projects and looks good keeping it together in one company.
However, we agreed that I need to retain control and the profits of the existing two properties so essentially they would be ring-fenced.
How can I structure this to achieve the desired result? I cant see how to do it without using another company for the other properties.
