Hi
I am a silent partner with a 25% shareholding in a small company. Up to now my only input into the company was financial. In the last year the company has come on leaps and bounds and have recently acquired government contracts. The other main shareholder is the guy who runs the show and is there on a daily basis paying wages, dealing with the bank manager, accountant etc. His shareholding is 75%.
My question is, as a silent partner what entitlments do I have in regards to looking at the bank account, books etc? How often should I ask to see these?Is there anything else I should be doing to ensure my investment is utilised correctly? I am confident of the way things are run however I would like to have my finger on the pulse a little bit more without getting too involved.
Thanks in advance
Regards
Twister
I am a silent partner with a 25% shareholding in a small company. Up to now my only input into the company was financial. In the last year the company has come on leaps and bounds and have recently acquired government contracts. The other main shareholder is the guy who runs the show and is there on a daily basis paying wages, dealing with the bank manager, accountant etc. His shareholding is 75%.
My question is, as a silent partner what entitlments do I have in regards to looking at the bank account, books etc? How often should I ask to see these?Is there anything else I should be doing to ensure my investment is utilised correctly? I am confident of the way things are run however I would like to have my finger on the pulse a little bit more without getting too involved.
Thanks in advance
Regards
Twister