Dividend, paye and company car!

dtaylor84

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

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.