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Scottish Trust Deed Forum
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Topic starter
21/01/2015 7:20 pm
hi wonder if you can help me, my partner is starting a ltd company and has put me down for share in the company . My trust deed is due to finish in june this year. Can you tell me if me being in a trust deed and having a share in the company will affect him or my trust deed. Thank you
bcrighton
21/01/2015 9:35 pm
Hello sunflower1.
Shares in a company are an asset.
If the company does well the shares might develop some value. This could potentially cause an issue.
One to weigh up I guess.
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Topic starter
21/01/2015 11:22 pm
He's a shared fisherman so it's just his earnings that will go into the business account and he will take a wage from that account. Because I have 1 share will he have problems opening a business account do you know .
bcrighton
21/01/2015 11:27 pm
Are you a just a shareholder or a director too? It would possibly cause a problem if you are named as a director of the company but shouldn't do otherwise
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Topic starter
21/01/2015 11:34 pm
He's a shared fisherman so it's just his earnings that will go into the business account and he will take a wage from that account. Because I have 1 share will he have problems opening a business account do you know .
bcrighton
Topic starter
21/01/2015 11:35 pm
I am just named as a share holder and just have 1% will that be ok or should I get him to take my name off. Thank you
bcrighton
Topic starter
21/01/2015 11:37 pm
I am just named as a share holder and just have 1% will that be ok or should I get him to take my name off. Thank you
bcrighton
22/01/2015 1:45 pm
Hi sunflower1.
I shouldn't imagine that a 1% shareholding in this business is going to accumulate much value?
Will you be a Director of the company?
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Topic starter
23/01/2015 9:50 am
Hi No i am not down as a director but he has put me down as secretary for admin reasons with a 1 percent share. will that make a diffrence.
bcrighton
23/01/2015 11:21 am
Not as far as I know sunflower1, unless your company itself has a rule against this happening.
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