Shares in business

[rperez]

I have shares in a limited company and out lease is up for renewal,
My business partner wants to put the lease into the companies name, for another 10 years.

She said if I don’t take the lease on I walk away with nothing.
If we carry on, I can then sell the lease after 5 years.

 

[Mark T Jones]

I'm not clear what your question is.

But the answer appears to be that the 2 of you need to sit down and have an open, meaningful, business conversation

 

[Frank the Insurance guy]

If you don't take the lease on you will still have your shares - whether these will be worth nothing is another matter,

 

[rperez]

I think what I would like to know, if I don’t take the lease on, and I want to leave.
Will I walk away with nothing, like she is saying?


I think she has made it clear that I will not take my share value back. I walk away with nothing.
Is this correct?

 

[Frank the Insurance guy]

Do you have a share agreement in place? This will say what happens to your shares if you want to leave.

 

[Mark T Jones]

I think what I would like to know, if I don’t take the lease on, and I want to leave.
Will I walk away with nothing, like she is saying?


I think she has made it clear that I will not take my share value back. I walk away with nothing.
Is this correct?

Is there actually a business without the lease?

Shares in a private company are famously illiquid - in other words they are worth what someone will pay for them. In this case, that someone is likely to be limited to your business partner.

Time for that meaningful business conversation