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Rakhi Vasavada
Rakhi Vasavada, Financial Advisor
Category: Finance
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Experience:  Attorney and Financial Expert. Have specialization in Financial Laws.Practice experience of over 13 years
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I have a 50% share in a company turning over 2 .5 million a

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I have a 50% share in a company turning over 2 .5 million a year . with 26% PROFIT MARGINE but my past finance record stops me being on the bank account. I am a director on uk company house but if I fell out with my business partner would I have any rights to the money in the bank.??
Submitted: 2 years ago.
Category: Finance
Expert:  Rakhi Vasavada replied 2 years ago.
Dear Friend,

Hello and welcome. Thank you for providing an opportunity to assist you.

From what I understand from your situation, you will continue to have full rights as a 50% shareholder.

Having said this, since you are NOT one of the signatories on the bank account, you may not have direct control over how the money is used / managed.

However, being 50% shareholder, you will be legally entitled to receive ALL of the official dividends, profit sharing, etc. But on bank, no, you will have no control over it even if you have the rights as a 50% shareholder.

I am sure this would help.

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Warm Regards
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