Dear all, I hope you are well. My cousin is a joint director (non-UK resident) and 50% shareholder of a small limited company. The other director is a UK resident and 50% shareholder. It is nearly 1 year since they have registered the company but they have not had progress at all. So my cousin is considering leaving the company. The UK based director has been very busy with his other business activities and he has not been contributing at all, he does not even reply to my cousin lopezpablo76234
There is nothing to stop her from resigning as a director and she can do it via Companies House She can also keep 50% of the shareholding or sell it. But if the business is worth nothing, she owns 50% of nothing so if she gifts it, she'll be giving nothing away.... Personally if the business is doing nothing and she is abroad, she might be better off just washing her hands of it all...... Thanks, Barney
Dear Barney, thank you very much for your reply  lopezpablo76234 |
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