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I should add that I was putting up 50% of the startup capital for the business and had at the point of discovering all of this, invested a lot of my time, effort and care in a business I was under the impression I was co-owner of.
Please advise me if this person and her friend the accountant have acted illegally by leading me to believe that I was a partner and a shareholder in this company? Please also advise me what recourse, if any, I am entitled to? Also, is there any ambiguity as to the shareholding in the company?
I attach company details.
Many thanks Philippa Sedgwick
Thank you for your reply. I had put my capital into a separate bank account, but it was never used and I have access to it. I therefore have not lost any of my monies, except for what I paid for in my personal capacity.
Does the documentation registered at Companies House make Lynne Pearson the sole owner and beneficiary of the Company? Is there any way I could be misunderstanding this to be the case?
Am I entitled to be compensated for the time and work I invested in the company (considerable) over a two month period? I feel as though I have had them stolen from me. I also travelled away from home on behalf of the business, while under the impression that I was a co-owner and shareholder.
Again, thank you. One more question. If a share certificate was indeed issued in my name, what would be the procedure to remove me as a shareholder now that I have left the company?
Thank you again. Thinking about your advice leads me to some other questions. What are the legal requirements for the conduct of a Director. If the accountant was given false information (for example about capital input) by the Director, what are the implications of that for her?
I asked her directly for all the company details and all she sent me was the Certificate of Incorporation and the registered address of the Company. Was she obliged to give me all the documents pertaining to the Company when I asked for them directly? Was she obliged to be open and up front as to the ownership of the Company.
What are the implications if she purposefully mislead me?
OK, thank you.
Sorry, another question...
Is the director now obliged to answer my questions as to who the shareholders of the company were when I left?
It was not agreed I would be a Director. I asked why I was not going to be one and was told that in this type of company it was only possible to have one director and a financial director.
I was supposed to be a shareholder.