Hello my name is XXXXX XXXXX I will help you with this. Please note that I am a working Solicitor and may be on and offline as I have to attend Court and meet with clients, even at weekends. As such you may not get an instant response when you reply as this is not an ‘on demand’ live service, but rest assured I will be giving your question my immediate attention upon return. There is no need to wait here, you will get an email when I reply.
Obviously you will get stuff through the post and if they fall behind on any payments etc then you will get letters and may even get Court papers or visits from bailiffs if it goes that far.
But a bailiff can't take any assets that belong to you and not the Company
So apart from correspondence it makes no difference
Can I clarify anything for you about this today please?
Thank you Alex
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Thank you Alex. My colleague is a friend and I have been allowing him to use my home as a base, rent free for 2+ years whilst the business was getting established. I thought the time had come for him to contribute some rent for the privilege and although he has agreed, he is now being insistent that I sign a "contract" with him. He was pushing today again for me to sign it and said he needed to file it with the company accounts to justify the costs to his co-directors and shareholders - which is another person who is pretty much a sleeping partner. Its made me feel that I was missing something that might cause problems in future. Now I know
..... it's nothing to do with being the registered office. (He's a bit of a control freek so its possibly more to do with that.)
(I really shouldn't keep pressing the return key!!!) Very many thanks for your help. Its reassuring. Regards. Leigh
A pleasure Leigh