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Hi, Thank you for your question and welcome. My name is ***** ***** I will assist you. Please can you confirm the following:
1. Who offered to buy your shares , the company itself as a share buyback or the other shareholders?
2. Did you sign a stock transfer form?
Hi, Thank you. Do you still own the shares? Kind regards AJ
Hi, Thank you. So what you are seeking to do, is force the other shareholders or the company to buy out your shares. If independently valued are they still worth £30k? Kind regards AJ
Thank you. The problem you have no contractual right demand a sale - the fact that their email says they are "prepared" to purchase your shares, implies that it is subject to contract. You would therefore struggle to force them to buy the shares. What you could do as a worse case scenario is apply to court to have the company dissolved on the basis that it is a partnership that has failed. Before you reach that stage you need to determine if you can reach an agreement for them to buy you out - firstly do they or the company have the money to pay £15k for the shares?
Hi, Thank you. If they wanted to declare a dividend, assuming you all have the same class of shares they would have to declare a dividend for your benefit as well. This would inevitably appear in the accounts. If they have stripping the company of assets with a view to liquidating it, ultimately they can be held personally liable for this. In the first instance you need to decide what the goals is here? Do you just want to negotiate a deal to extract yourself from the situation? Kind regards AJ