How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Ash Your Own Question
Ash, Solicitor
Category: Law
Satisfied Customers: 10916
Experience:  Solicitor with 5+ years experience
Type Your Law Question Here...
Ash is online now

I was a director of a company in which an investor had put

This answer was rated:

I was a director of a company in which an investor had put £85k to build and launch an app. He paid the app company and some bills via the company. I had to leave the company and told the investor this (he holds no shares and isn't a director) and they accepted that I had to leave the company, I said I would help with the transition no problem. He has now messaged me saying "I can get a new investor back to pay him his money back" and "He's on the hook as his company guaranteed the rent on the office. My question is, I feel I have acted perfectly fairly and his threats are vacant and he can't persue me?
Hello my name is ***** ***** I will help you with this.
Is this a Limited company?
Customer: replied 2 years ago.
Hi Alex, yes a Limited Company
Pursue you for what? Did you give any form of contract personally?
Customer: replied 2 years ago.
For his investment in the company, no personal guarntees at all from me.
Then you can't be pursued at all. There is no guarantee so you can't be chased at all. Nothing, whatsoever.
Can I clarify anything for you about this today please?
Ash and other Law Specialists are ready to help you
Customer: replied 2 years ago.
Ok good thank you, ***** ***** thing. I still own all the shares in the company and their was no shareholders agreement. Still mean he can't Persue? Thanks in advance