Hello Guys,
Although I follow the board regularly, didnt need me to post anything but need arised now.
I had recently transferred my company over to an old friend of mine (not sold, gave it for free on goodwill). Company traded for approx 2 years and all taxes paid in full before the transfer. All that I did was to resign from the directorship and Mrs resigned as secretary and the guy appointed himself along with some secretary.
its 3 years down the line and I ordered an annual return from companies house and it shows there are only 2 shares in the company and one is my Mrs and one is mine as of oct 07 when the last annual return was made....
Now I was just wondering if this guy who took over wants me and my wife liable through the shares or have i missed something that had to be done during the transfer....
I searched all over the net, googled, but couldnt find any list of things we need to make sure of if we wish to transfer/sell the company to someone and at the same time dont want to be liable for any cockups the future director does....Is he trying to put me in the loop (asuming I dont look up the comp house) so that I and my wife is liable as shareholders?
Also I have another problem with this guy because I trusted him to do my billing, but Id post that in another thread, cuz another issue..
Please adivse me guys..
Thanks a lot
Although I follow the board regularly, didnt need me to post anything but need arised now.
I had recently transferred my company over to an old friend of mine (not sold, gave it for free on goodwill). Company traded for approx 2 years and all taxes paid in full before the transfer. All that I did was to resign from the directorship and Mrs resigned as secretary and the guy appointed himself along with some secretary.
its 3 years down the line and I ordered an annual return from companies house and it shows there are only 2 shares in the company and one is my Mrs and one is mine as of oct 07 when the last annual return was made....
Now I was just wondering if this guy who took over wants me and my wife liable through the shares or have i missed something that had to be done during the transfer....
I searched all over the net, googled, but couldnt find any list of things we need to make sure of if we wish to transfer/sell the company to someone and at the same time dont want to be liable for any cockups the future director does....Is he trying to put me in the loop (asuming I dont look up the comp house) so that I and my wife is liable as shareholders?
Also I have another problem with this guy because I trusted him to do my billing, but Id post that in another thread, cuz another issue..
Please adivse me guys..
Thanks a lot
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