I
inadilemma
Guest
Hi
This Limited Company has 2 directors and each holds 50% shareholding.
Director 1 is no longer happy to continue working with Director 2. What are the options available to him if Director 2 refuses to go? Can Director 1 force Director 2 to go if he makes a reasonable and fair offer to him.
Director 2 will probably go reluctantly if enough money is offered. If however he refuses all offers will the company have to be wound up and the 2 directors go their own ways. The Company is under contract for various long term projects and it would not be easy to just wind up.
Thank you in advance for any help.
Regards
IAD
This Limited Company has 2 directors and each holds 50% shareholding.
Director 1 is no longer happy to continue working with Director 2. What are the options available to him if Director 2 refuses to go? Can Director 1 force Director 2 to go if he makes a reasonable and fair offer to him.
Director 2 will probably go reluctantly if enough money is offered. If however he refuses all offers will the company have to be wound up and the 2 directors go their own ways. The Company is under contract for various long term projects and it would not be easy to just wind up.
Thank you in advance for any help.
Regards
IAD