Hi. I need some basic advice to see if this is fair.
DH owns a company with a partner (BP). It is 50% share each and is a limited company. It has been in business 4 months and is making a loss at the moment where we are having to top business account up every month. DH is owed about £6000 for start up costs, BP has put in about £5000. We think BP may want out as business going so bad. We are confident that it will be successful in long run. There are no assets as such as we have provided most equipment and material for business. We provide a service rather than a product so there is no stock. Would it be fair to offer BP the money he has invested to buy his share.
We cannot afford to go to a solicitor and winding up and restarting is not an issue.
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Advice about business buyout needed
4 replies
99luftballoon · 29/12/2012 13:26
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