Hi all,
I have a problem and am asking a favour.
My mum owns a company, it is LTD and when she originally started the company she was in partnership with her friend.
They were both directors, and both were the single share holders.
Her friend decided she no longer wanted to participate in the business, she signed off her directorship but would not sign off her share of the business.
My mum is now the director but she has one share and so does her 'EX' friend. her friend will not sign the share over to my mums new business partner.
I was wondering if there is anyway she can get rid of her friends share? maybe a lupole or something?
As a director can she not decide this?
Any help would be greatly appreciated.
Skazz
I have a problem and am asking a favour.
My mum owns a company, it is LTD and when she originally started the company she was in partnership with her friend.
They were both directors, and both were the single share holders.
Her friend decided she no longer wanted to participate in the business, she signed off her directorship but would not sign off her share of the business.
My mum is now the director but she has one share and so does her 'EX' friend. her friend will not sign the share over to my mums new business partner.
I was wondering if there is anyway she can get rid of her friends share? maybe a lupole or something?
As a director can she not decide this?
Any help would be greatly appreciated.
Skazz