I set a kitchen showroom up with somebody i worked with for about a year an opertunity came up to open a showroom ,as he was more the office type i left him to set us up as ltd company i thought as equal partners.after about 6 months it was obvious we could not work together ,and once i discovered he had given himself 60% of the company and legally he had fianle say in things i decided to resign as directorbut keep shares and leave him to it.i am still responsible for a lease on the shop and a loan,he will not speak to me so i have no idea how the company is running or the state of monies .do i have any rights as a shareholder,is there any thing i can do to see the books?
2007-01-30 22:20:41 · 9 answers · asked by Phil 1 in Business & Finance ➔ Small Business
get a good lawyer, having shares you should be entilted to see what is going on with them,
2007-01-30 22:28:28 · answer #1 · answered by Anonymous · 1⤊ 0⤋
I honestly can't believe you signed up for something without seeking advice. The law society publish a series of notes on such information as running small businesses etc. they might be able to give you the information you need , especially with regard to any legal advice you recieved prior to starting this company. I think that also you couldn't go wrong if you took a look at the documents that are probably being held at companies house with regards to the state the company is currently in along, with your stake in it. i assume you are from the UK.
2007-01-30 22:31:32 · answer #2 · answered by Burnt Emberes 3 · 0⤊ 0⤋
Depends on whether you two drew up a contract binding you two by law. If so, read it and see if you can find anything to se against him. If so get help from your attorney.
Also watch out for things he can use against you and if there is, it's best to settle it personally.
If there is no contract however, get your employees to report to you.
P.S. The irector not talking to you is so childish. Remind him of that.
2007-01-30 22:31:30 · answer #3 · answered by tulgovski 2 · 0⤊ 0⤋
if you are no longer a director then how are you still responsible for the lease and a loan?? unless you stood personal guarantee in which case you were an idiot for resigning.
2007-01-31 00:34:52 · answer #4 · answered by alatoruk 5 · 0⤊ 0⤋
talking at your individual funeral.... Are you particular it is your question... nicely given which you're lifeless, no concerns, there'll be no public and in case you go away a recording, returned no public... Now in case you do no longer want to communicate at a relatives funeral, that I comprehend... you're no longer being impolite, you have the suggestions for circumstances like this to do what your heart desires.. good qt
2016-11-01 23:01:16 · answer #5 · answered by ? 4 · 0⤊ 0⤋
I would get advice from these two sources: Citizens Advice Bueau: http://www.citizensadvice.org.uk/ and Business Link: http://www.businesslink.gov.uk/bdotg/action/home?domain=www.businesslink.gov.uk&target=http://www.businesslink.gov.uk/
If you are not in the UK, see if your country has similar organisations.
2007-01-30 23:39:12 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Get him charged with huffing for financial gain.
2007-01-30 22:27:00 · answer #7 · answered by Anonymous · 0⤊ 0⤋
cook the books
2007-01-30 22:25:05 · answer #8 · answered by tickTickTICK 3 · 0⤊ 0⤋
don't you have an attorney?
2007-01-30 22:24:20 · answer #9 · answered by Pooks 6 · 1⤊ 0⤋