How to remove a wife shareholder from a limited company?

[mickael28]

Like basically everything you both own the shares in the company are marital property. Check the matrimonial causes act.

I see what you guys mean now, I have not thought about it that way.

Thanks all for the input!!

[d000hg]

Hello,

My wife has been a shareholder on my ltd company for around 3 or 4 years on a 50:50 basis, with me being the only director. Things have not been going well for quite a few months and one never knows. Just to get some information before is too late, how can one remove a shareholder in this situation from the limited company?

Is it just a matter of both of us signing a paper and sending it to my accountant or similar? If so, which paper would that be to have a look?

Thank you!

Ifeel that trying to remove her from the Ltd might not bode well if things are already strained. Cheaper to find a marriage counsellor.

[mickael28]

Cheaper to find a marriage counsellor.

I was thinking about giving that a go as well and see if things can change, although I doubt the problems would be permanently fixed TBH, it might just be a temporary patch, and we'll go back to this point in X months/years, but I might be wrong... we'll see.

Thanks!

[NotAllThere]

...Cheaper to find a marriage counsellor.

This. And the best time to go is before you can't stand the sight of each other any more.

[DimPrawn]

This. And the best time to go is before you can't stand the sight of each other any more.

You mean walk out of the wedding reception before last orders?

[RonBW]

You mean walk out of the wedding reception before last orders?

The four stages of sex in a relationship.

Kitchen sex - you f**k everywhere, including the kitchen
Bedroom sex - you f**k in the bedroom every so often
Hallway sex - you walk past each other in the hallway and mutter "f**k you"
Courtroom sex - she f**ks you in front of the judge

[squarepeg]

I am not a divorce lawyer, but if you do not have a pre-nup or another form of estate separation in place, she can go after all your assets, so starting a new company before getting a divorce is not going to save you. Start one after you get a divorce. But even then make sure you get a new client after you get a divorce, because if you "move" your current contract from the company you co-own to your new company, she can go after you claiming that you have diverted income on purpose.

Welcome to hell.

[psychocandy]

I have noticed you say this a lot. Agree its a valid avenue for him or her to use, but asking it on this site allows the 'many' to learn from some of the answers? what is the point of this forum if it is not to share and answer questions ?
I wonder how many hours you have spent typing the same stock response? Maybe you could have used this time more constructively as you seem to have a lot of knowledge in the contractor market.

Its for people to show off how important they think they are and get a bit of a stiffy abusing strangers on an internet forum.

[northernladuk]

Its for people to show off how important they think they are and get a bit of a stiffy abusing strangers on an internet forum.

<sigh>

[ASB]

I am not a divorce lawyer, but if you do not have a pre-nup or another form of estate separation in place, she can go after all your assets, so starting a new company before getting a divorce is not going to save you. Start one after you get a divorce. But even then make sure you get a new client after you get a divorce, because if you "move" your current contract from the company you co-own to your new company, she can go after you claiming that you have diverted income on purpose.

Welcome to hell.

The important time is neither the nisi nor the absolute. It is formal settlement of the finances. It is probably wise to ensure this is done before the absolute. Otherwise it can be done years later and anything post divorce still has some relevance.