Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

50:50 Shareholders with different needs

  • 05-07-2011 11:10am
    #1
    BenEadir
    Registered Users, Registered Users 2 Posts: 4,539 ✭✭✭


    Hi all,

    Hypotethical situation.

    Two equal shareholders A & B in a Ltd Company business for +/- 10 years. It does OK and pays both of them a decent salary but that's about it. No significant profits for distribution.

    A is older by 15 years and approaching 70. He wants to retire and would like B to buy his 50% but there isn't a shareholders agreement in place. B doesn't want to buy A's shares. A accepts it's highly unlikely he'll find an arms length buyer to acquire 50% of a small company and he doen't have anyone to gift his shareholding to.

    A would be happy to wind up the company and distribute the net assets but can't do that without B's consent which isn't forthcoming.

    What are A's options?

    Ben


Comments

  • #2
    Tom Young
    Legal Moderators, Society & Culture Moderators Posts: 4,338 Mod ✭✭✭✭Tom Young


    Legal advice is not available here.


  • #3
    BenEadir
    Registered Users, Registered Users 2 Posts: 4,539 ✭✭✭BenEadir


    Not looking for advice Tom. I want to have a hypotetical discussion. Is that not allowed????

    Ben


  • #4
    Tom Young
    Legal Moderators, Society & Culture Moderators Posts: 4,338 Mod ✭✭✭✭Tom Young


    It is allowed. Just reminding you.


  • #5
    BenEadir
    Registered Users, Registered Users 2 Posts: 4,539 ✭✭✭BenEadir


    Cool, thanks Tom. Genuinely not looking for advice. Having an offline debate with someone on this issue and looking for some input to strengthen my case!!!

    Ben


Advertisement