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Hello, my name is***** am a qualified lawyer and it is my pleasure to assist you with your question today. What is your specific query about this please?
yes I do, going over it now
Is there a shareholders agreement in place and does it state what percentage is needed for removal of a director?
Thanks I will have to consult with a colleague on this - he is offline right now but we will get back to you at the earliest opportunity. No need to respond in the meantime. Thanks
it will be on here, you should get an email too
Hi, Thank you for your question and welcome - my name is ***** ***** my colleague has asked me to assist you because I am a company law expert. There are two issues here (i) Yours sons' employment and status as directors and (ii) Their shareholding. Can you confirm they following:
(i) Are your sons paid a salary, i.e under PAYE?
(ii) Does your shareholders agreement contain any pre emption rights clause or restriction on the sale and purchase of company shares?