Originally posted by ladymuck
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Adding a foreign shareholder
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Originally posted by kazh View Postwell, 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?…Maybe we ain’t that young anymoreComment
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Originally posted by WTFH View PostI 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?
And when person B gets their shares, OP will have to inform companies house so it will be a matter of public record.See You Next TuesdayComment
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Originally posted by kazh View PostWondering 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.
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.Comment
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Originally posted by oilboil View Post...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.---
Former member of IPSE.
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Many a mickle makes a muckle.
---Comment
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Originally posted by wattaj View PostYou'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.
Sent from my iPhone using Contractor UK ForumComment
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Originally posted by kazh View Postwell, I think I got my answer, which is as long as it's nothing shady it's fine thanks for all your tips
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.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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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!Comment
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Originally posted by kazh View Post...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.
This is such a piss-take, I don't know why I bother.---
Former member of IPSE.
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Many a mickle makes a muckle.
---Comment
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Originally posted by wattaj View PostYou declare a monthly dividend?
This is such a piss-take, I don't know why I bother.
spare a newbie some slack?Comment
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