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At present HS owns 100% of a Limited Company.
At present HS owns 100% of a limited company. I am helping her by finding investment funding of up to £300k. This will dilute her holding but she has agreed to give me 5% of whatever she holds. My 'reward' will be in 5-7 years when the Company is sold.
In the meantime I will be retained at a daily rate. So I just need a legal form of words that will achieve that!
Hi, Thank you. It is not quite as simple as that and I will explain why:
1. If you are a shareholder then you have tangible ownership in the company;
2. The alternative is you are consultant on this fixed daily rate with a bonus payable for the company profits.
Can you confirm do you want shares?
Kind regards AJ
Hi Alex, The single shareholder does not want to dilute her voteing rights. Therefore I will not be given any shares. However she is prepared to give me 5% of whatever she gets from the sale in the future. All I am looking for for you is a legal statement to that effect. Regards Simon