hi, I do the accounts and we file our returns through an accountant. We are both equal directors and both loaned the company £75k. We have been open for 2.5 years and have paid back £10 k each. My partner takes £500 per week wage (not all declared though). We also pay staff. It turns out he is hardly there but as I earn 80k a year I can't give up work to be there too. It is a good business but we lease the property and own all the equipment.
I have considered making my brother my agent or giving my half to him so that all wages/income can be split 50/50 - is this an option? Can he object to that? He has employed his girlfriend without consulting me but she is just an employee.
thanks - I am a co director so I could do that. I have control of the bank but unfortunately he has the keys and we take mostly cash. Last question - how can I force him to bank most of the cash. This is difficult because he doesn't really have to account for the takings in terms of sunbed use and gym sessions.
sorry - also, if we can't agree to sell to me or him can I force a sale on the market?