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Dividend, paye and company car!

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Comments

  • dtaylor84
    dtaylor84 Posts: 648 Forumite
    Part of the Furniture Combo Breaker
    skemp1 wrote: »
    Quite a few issues there to investigate thanks for your comments.

    Both owners want to do less and reduce their working hours to 2-3 days a week and they want me to take over the day to day running of the company in the future and go beyond the 20% in the future.

    So they're not really giving you anything - they're trying to sell the company to you.

    Do you want to buy it?
  • skemp1
    skemp1 Posts: 129 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Yes, i would like to buy it.

    When I get their offer in writing I will get an independent solicitor to check it all over before any agreement is entered into.

    They want me to one day be a majority or even share holder and one day run the company day to day. Thing is, like many people i do not have enough cash to finance the shares myself so I will buy the company with money generated by the shares and my pay from the company.
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