Overdrawn Capital Account Scheme (Aston Mae / Glen Mae / Procorre)

[Benson77]

Agreed, and even with the acquisition there is no guarantee of the entrepreneurial tax relief, planning an exit strategy from procorre as soon as possible.

[dog]

Procorre acquisition opportunity

So has anyone actually gone through with the procorre acquisition opportunity?

[Benson77]

Trying to find a way not to......

[jezzah123]

Can I have PM rights please?

You now have access to the PM system

Can you also grant me PM rights please?
Jezza

[jezzah123]

I'm an ex glen May'er too

If anyone wants to join the whatsapp group just provate message me and i can add you. There's 7 of us in there at the moment, we just keep each other in the loop and vent a bit.

Hi ITmark, can I join your WhatsApp group please?
Jezza

[interestedparty]

Can you grant me PM rights please?

[Marsh59]

So has anyone actually gone through with the procorre acquisition opportunity?

Has anyone found any possible exit strategies?

[dog]

Procorre acquisition opportunity

Has anyone found any possible exit strategies?

Just say no to the procorre acquisition opportunity (it's not compulsory). To stop using procorre (or any other 'adviser'), stop making payments to them. Making payments to HMRC is compulsory.

[Marsh59]

Just say no to the procorre acquisition opportunity (it's not compulsory). To stop using procorre (or any other 'adviser'), stop making payments to them. Making payments to HMRC is compulsory.

Then waht happens to the overdrawn capital account?

[webberg]

What do you think Procorre can do if you stop paying?

The chances of the scheme working as advertised are, in my opinion, low.

You have had little in the way of risk warnings and I'm sure a number fo legal types would be claiming that you could sue on those grounds alone.

I think your best bet is to get together with the group already formed via ITMark - stop payments - if you get something that needs action, then do it as a group.