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To think dh shouldn't go into business with someone without talking to me about it first?

(7 Posts)
Stupormum Tue 07-Nov-17 17:34:17

Dh was made redundant last year and knowing that he had always wanted to set up on his own we agreed that he’d use his not inconsiderable amount of redundancy money to fund this.

Fast forward to now and he has started to get some work in but things have been difficult and we’ve been cutting down on family expenses, reducing what we would spend at Christmas etc. He is by no means in the clear but has a good engagement coming up and a couple of other prospects in the pipeline. At the moment he would be able to do all this work himself.

He took some tax advice a few weeks ago from his relative who is a tax accountant and decided to register as a ltd company, at which point he announced to me that he would be going into business with a previous colleague who I haven’t even met.

Aside from the fact that he doesn’t need the help and, in my opinion shouldn’t be giving half the work and money when we are having to make cuts, I am really upset that he hasn’t discussed this with me first, just agreed he was going to do it. As joint directors of a ltd company this isn’t just a minor thing it’s a major commitment.

We have a dd together and a mortgage and I work full time. I don’t think I am being u expecting him to have discussed this with me first?

LemonShark Tue 07-Nov-17 17:35:51

Not unreasonable at all. That's a massive decision that affects you both so should have been discussed.

Have they actually signed on the dotted line yet?

ajandjjmum Tue 07-Nov-17 17:38:03

You need to ask what his reasoning is for this. Does the proposed partner have skills/experience/contacts that your DH doesn't?

Will it be an equal partnership.

It's something that he should discuss in detail with you.

coconuttella Tue 07-Nov-17 17:38:16

YANBU

Any major commitment that has the potential to significantly impact on the family should be consulted on with your DH/DW. It’s an essential part of being a partnership!

Stupormum Tue 07-Nov-17 18:03:47

Thank you for your replies I have been stewing about it since he told me. and to answer the questions...

They have signed and incorporated it was done through the accountant pretty much on the same day. They are 50/50 partners so all revenue will be shared.

They both have similar skills so I genuinely believe he could do all the existing work they have himself.

mickeysminnie Thu 09-Nov-17 16:13:38

So your husband used his entire redundancy to set up a company and then gave 50% of it to someone else?

FlaviaAlbia Thu 09-Nov-17 16:19:41

I could be wrong, but this sounds like a workaround to Hmrc clamping down on IT contractors getting paid to their companies. It used to be very common but I think the few I knew who did it decided it wasn't worth it in the last few years since hmrc started to take a closer look.

The involvement of the account makes it sound like it.

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