Adding a foreign shareholder

[wattaj]

Maybe it's because we're all selfish and don't believe that a gift can truly be made without getting something in return?

Socialist! Burn her, burn her!

[WTFH]

well, I think I got my answer, which is as long as it's nothing shady it's fine thanks for all your tips

I don't think anyone credible on here has said that.

"Gifting" shares to someone for no reason that you're prepared to explain? That's you telling us it is very shady.

Are you gifting them some of your personal shares in the company, or is the company creating more shares and you are using those?
Will each share be of the same value?
What % of the company will they own?
Is there any personal relationship between the two of you?

[Lance]

I don't think anyone credible on here has said that.

"Gifting" shares to someone for no reason that you're prepared to explain? That's you telling us it is very shady.

Are you gifting them some of your personal shares in the company, or is the company creating more shares and you are using those?
Will each share be of the same value?
What % of the company will they own?
Is there any personal relationship between the two of you?

these are all questions the tax man will ask.

And when person B gets their shares, OP will have to inform companies house so it will be a matter of public record.

[oilboil]

Wondering if I have a company that makes around 40k a year, I have 50% share and a 50% share foreign shareholder who does not reside in uk or have a uk passport. Is it okay for that person to take 50% as dividends without doing any work in the company?

The foreign person is not a family member, a spouse, or ex. Happy to pay ALL taxes and not avoid anything. Your advice is greatly appreciated.

The number you need is 101 from any phone.

This will connect you to the Police non-emergency incident line.

Here you can ask them how they can help get those compromising nudes the "foreign investor" has of you back from them.

As blackmail is the only reason I can see why you would give 50% of your cash to someone notinvovled in the business and not related to you.

[wattaj]

...As blackmail is the only reason I can see why you would give 50% of your cash to someone not invovled in the business and not related to you.

You're too nice. This is totally tax evasion. I'm just not sure if the OP is trolling us, or we're trolling the OP.

[GhostofTarbera]

You're too nice. This is totally tax evasion. I'm just not sure if the OP is trolling us, or we're trolling the OP.

Op can I be this mystery person you gift cash to please ? Let’s prove these haters wrong


Sent from my iPhone using Contractor UK Forum

[northernladuk]

well, I think I got my answer, which is as long as it's nothing shady it's fine thanks for all your tips

Called it. Asks question, wants a specific answer, ignores everything that's said and finds the answer he likes and goes away. Typical.

The fact everyone is asking who the shareholder will be and you hiding this fact measn there is something shady so it most certainly is not fine..

But you were never here to be convinced otherwise so guess we are done.

[kazh]

Oh dear, looks like I've caused a bit of a mess with this thread, reading your replies made me laugh, let's see if I can clear things up with one reply

1) this is a gift to a friend - (as I said before) I suppose this may be hard to believe, but don't know how much clearer to be, I'm sure some of us have friends that are like family?
2) this person does not have any shares today at this moment
3) I will give this person 50% share as shareholder
4) This person is not, never had been my lover, we have never had any romantic or sexual relations or activity etc
5) This person does not have any compromising information on me or nudes of me ie they are not blackmailing me in any way
6) I do not have a partner or ever had children ie not hiding this from someone/family
7) This person will not give me ANYTHING in return for the share ie cash, gift, sexual favours, time, work, knowledge, advice, contacts, introductions to someone etc
8) I had not made my mind up before coming here, so far I have not heard anything wrong with it, so it's giving me the impression that there is nothing wrong with it, but perhaps people are waiting for more information hence the creation of this reply
9) I don't how this person will use the money, it's up to them, they could blow it on a night in Vegas, or give it to charity, who knows
10) I'm happy to pay all taxes
11) If I'm just thinking about it, perhaps this is tax evasion since this is gift to a friend, so I guess I'm creating a loophole in that sense? it's a glorified version of giving gift to friend,
12) I guess each share will be of the same value
13) I think right now the company only has one share, which is mine, but want to add them as a shareholder and let them take 50% dividends each month

Let me know if I missed anything or you need more info!

[wattaj]

...13) I think right now the company only has one share, which is mine, but want to add them as a shareholder and let them take 50% dividends each month.

You declare a monthly dividend?

This is such a piss-take, I don't know why I bother.

[kazh]

You declare a monthly dividend?

This is such a piss-take, I don't know why I bother.

Well I haven't taken any dividends yet, so not sure how it works, but just guessed theoretically monthly would be okay, if not no problem,
spare a newbie some slack?