Worker or employee rights ?! Worker or employee rights ?! - Page 3
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  1. #21

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    I own the shares not my company .

    I absolutely will not sell my company too them they bullied me into getting on board with them last time and I LOVE my own business they will make a lot of threats and try and buy it for peanuts !!

  2. #22

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    Quote Originally Posted by TheCyclingProgrammer View Post
    Shares or share options? Who owns the shares - you or your company? Did you own the shares already? Were they a form of remuneration and if so has this been accounted for in your company accounts? It all sounds very messy, I would speak to an accountant.
    I would have thought a legal specialist would be a first stop. It doesn't sound like the ownership of anything is properly understood let alone the accounting side? Or do you think this is worth doing in parallel?
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  3. #23

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    Quote Originally Posted by Purple41 View Post
    I own the shares not my company .

    I absolutely will not sell my company too them they bullied me into getting on board with them last time and I LOVE my own business they will make a lot of threats and try and buy it for peanuts !!
    A company is merely a vehicle; I'll assume that you "love" the kind of business that you do. That's different.

    Ok, so, is there one business in which you own shares, but to which you are contracted, and another business through which you provide your contracted services (i.e. are there TWO entities in play here)?
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  4. #24

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    Quote Originally Posted by northernladuk View Post
    I would have thought a legal specialist would be a first stop. It doesn't sound like the ownership of anything is properly understood let alone the accounting side? Or do you think this is worth doing in parallel?
    Both - there are accounting and tax implications of owning shares or even share options from a client who is contracted via your Ltd company if those shares/options are effectively a form of remuneration for services. The implications will be slightly different depending on who owns the shares or options but there are issues in both cases.

  5. #25

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    That’s right , the company I am contracted to I have shares in , my company is separate so two entities

    Hope that makes sense!

  6. #26

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    Quote Originally Posted by Purple41 View Post
    That’s right , the company I am contracted to I have shares in , my company is separate so two entities

    Hope that makes sense!
    That does but why do you think you will lose the shares if you stop contracting for them?
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  7. #27

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    Quote Originally Posted by Purple41 View Post
    That’s right , the company I am contracted to I have shares in , my company is separate so two entities

    Hope that makes sense!
    It does. Now, what class of share do you own in the client company?

    Are they the same as those of the other shareholders?

    If they are then I see no reason why you would lose your shares unless you have entered into some form of weird relationship with the client company whereby your share ownership is tied to your engagement with them... but that would tend to imply some from of employee-type ownership; and you are not an employee.

    I'll assume that you are a minority shareholder for the time being.
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