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Thank you. This could be done by shareholders agreement. Even if you wanted to agree that he cannot stop trading without your consent, you would not be able to force him to carry on trading. If it is a separate business, is it using equipment owned by your company?
Thank you. If that is the case he has no power to stop the UK company from trading. If he stops supporting you, you could look for a new supplier in Spain? Kind regards AJ
Thank you. My apologies - assuming the Spain business has no impact on the UK business, and your partner is based in Spain - he will have no power to stop your business from trading. You will not need an agreement to ensure the company wont stop trading. Will you be responsible for the day to day management of the company? Kind regards AJ
Thank you very much. If that is the case - if you are England and are responsible for the day to day management - he cannot wind the company operations down without your consent. The company is essentially deadlocked at 50/50 - you cannot change the status quo. What I would do is ask him to sign an agreement - showing you have all day to day management decisions. Any excessive spending - i.e money not in the ordinary course of business can only be paid by agreement?
Thank you. You would need a whole shareholders agreement - the best one to use would be the standard template on Simply Docs https://simply-docs.co.uk/Shareholder_Documents/Shareholder_Agreements
We are prohibited from drafting documents on this site. If you want to talk through the document I am happy to do so on this thread. Kind regards AJ