Benefit and shareholder

Comms69

Thecrazy1 wrote: »

I guess I need to find our more. His accountant said a shareholder has to have an interest in the business. As he has split with his girlfriend he is going to transfer the shares. I don't think she wants to have the shares as it affects her working tax credit.

Well then get a new accountant, I can buy shares in literally hundreds of thousands of companies at a push of a button.


As for the ex trying to squeeze abit more from tax credits.... yep society is great.

Thecrazy1

This is a prove limited company. I didn''t think you could buy share.

00ec25

Thecrazy1 wrote: »

This is a prove limited company. I didn''t think you could buy share.

sorry but it is obvious you have no idea what you are talking about or understanding of the words you have misheard (or have taken typos to a whole new level)

prove?

Thecrazy1

My mistake bloody typo. Should read Private.

00ec25

Thecrazy1 wrote: »

My mistake bloody typo. Should read Private.

does not make much difference. The key point is the company has 2 shareholders, (it is a "close" company) and the shares cannot be bought or sold on a stock exchange. They can only be bought and sold by person to person agreement. It is, as you say, impossible to buy shares unless the existing shareholder wants to sell their holding

as such the value of the shares is unknown until either the company is valued and the shareholders therefore know if he has 80 shares and she has 20 shares of a company valued at 100k then the share price can be calculated.

as far as the dividends payable on the shares is concerned again it depends on whether the shares have equal rights or whether they are what is called "alphabet shares" . Ie he has "A" shares and she has "B" shares and there is a different dividend (or no dividend at all), payable on the B shares