If there was a new skate shop opening down the street what do you think would be a good name for the store?
Answers: Wheels and Wheelies
Rock N' Roll
I own 25% of a UK company valued at £100000, the others want me out of the company, what are my option?
Basically, can they just boot me out and purloin my shares?? or can I sell my shares? Need suggestion!! I created the company, and now they are trying to screw me. I am a complete rookie when it comes to business.Answers: as advised, existing legal guidance is the way to progress, however to ease yoru mind, if you certainly own the shares, no one can force you to put on the market.
Depending on the role you play corporately or as an executive, they may be able to marginalize you, but you will still own the shares, and 25% is a formidible voting block.
But preserve in mind, they possible control the other 75% so they will always be a majority against you, and unless someone else sides next to you to have a 51% majority, you will lose every declaration.
Were I in your position, I'd hold out for a top proposition, and sell to the one you disgust the least. One method to do that is to find one who would hold the biggest holdings if combined with yours, and that would pass them the most power. The right chap would probably be inclined to pay a premium top be contained by that position.
Or...you could reverse it and try to buy-out one or more of them, but it would probably be easier to start-up or join a better company.
Good luck mate!
If you own the shares later they cannot simply kick you out, if they want rid of you later they are permitted to buy your shares but I think because they enjoy the higher percentage of shares next they have more influence than you.
They are not simply allowed to see you out though, unless they have a valid legalized reason but that would require going to business court and perchance even legal court.
When you hold over 25% of the shares in a company you enjoy rights to block resolutions. They can't force you to sell the shares unless within is some sort of previous agreement written up to that effect.
They might force you out as a director, but you own enough shares to block foremost decisions.
You want to take officially recognized advice.
Check your Memorandum & Articles of Association. Don't enjoy any? Ahhh . . .
You need professional endorsed advice, mate, not the rubbish that appears here from time to time.
You own 25% of the company you created and you are also a primary shareholder and as such you can offer yourself to be elected as a director at the subsequent annual general debate. However the others can refuse to elected you as a director, but they cannot bring away your shares unless you consent to sell them to them at your price.
In the meantime you can assume yourself as a minority shareholder, and exert your shareholding's rights. Check next to a lawyer on this business.
Why do they want to give you the boot? If you believe the business will be sucessful keep the shares. They can't pocket your shares they can offer to buy them from you and buy you out. I presume you can ask for an extraordinary general talks, to discuss what is going on.
Dear Innocent Business Person,
Basically you will need professional legitimate advice. If you run to the law society website and find an ascribed solicitor who deals beside business law/litigation. This legal soul will guide you.
Reading between the lines I can see you are a very nice party. They are using your niceness and naivety against you by creating a disruptive environment becuase you value manners and frienship etc.They will give you a sum of money which might seem alot and when you combine it near all the hassle it will give the impression of being like a rational offer.
This is adjectives about money and these procedure are typical money games.
There will an element of goodwill (cash) due to you and I would create in your mind it is a siazeable sum. It is not an A + B = C calculation.
Who told you the company the company be valued at lb100000 I bet it was not and independant auditor rewarded by you.
Yours sincerely,
cheif money vampire
How much is it to transport a 17lbs packet to Canadian postal code k8n4z6 from Illinois?
It is a CB Radio.Answers: Looks to be about $35-$37 through the USPS.
http://ircalc.usps.gov/IntlMailServices.
Go to the Post Office trellis site at http://www.usps.com and select the "calculate postage' likelihood. You can type in adjectives the variables including package size as ably as weight, and draw from the postage directly from the source.