Hi carry on. Its not a question that I thought would be that easy
Robert my brother runs the buisines he works there and lives there, he has 60% of the shares. we can sell the shares but he has first refusal. there are only three shareholders myself and my other brother hold 20% of the shares each. Because we have a minority shareholding the shares are not worth a lot esoecialy with no dividen being paid for two years
He pays himself a salary and his wife for working there but no dividends.
He lives there so he doesn't pay rent or domestic bills but doesn't take money out of the company. he is in a position where he can spend money on the company and can borrow against the company. he currently has 300,000 in loans for the buisnise
It could make a profit, but in my opinon to much is paid out in wages, but on paper it doesn't make a profit, it has no cash reserves. my brother and his wife have a good income out of the business that is probrably the reason they do not want to sell.
can I email them to you and if so how do I do it ie a direct email address