Laurelhedge
Registered User
- Messages
- 3
Hiya, I'm a new member and hoping to get some advice on an issue. A family member set up a limited company a number of years ago for some business interests. I look after the business interests for this family member and have done FOC since the beginning. It was agreed verbally that any profits were to be shared or used for future joint projects. I would now like to become a shareholder or do something that will ensure my security going forward rather than relying on our verbal agreement. Can anyone offer some baseline advice. Its worth knowing I made no financial contribution to the business interest, but as I said I solely look after the business. So if anyone can advice on the pros and cons of becoming a shareholder, What financial implications there would be for me, ( in the event things go wrong, financially speaking ) or do I have any other options to look at.
Thanks in advance
Laurel.
Thanks in advance
Laurel.