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The most effective method of achieving the best result in advising Carla is to identify each issue and address them individually.
Member rating: No Rating | Words: | Submitted: Mon Jun 19 2006
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The most effective method of achieving the best result in advising Carla is to identify each issue and address them individually. So what are the facts? * Swan Ltd was incorporated in 1997 * It's a taxi business and 'any other trade or business conducive therewith' * It's a partnership * With 3 equal owners/shareholders/directors who are Ann, Brenda & Carla * Carla has stopped working due to ill health These are the following issues/concerns Carla has * Ann & Brenda have awarded themselves 20% pay raises even though no dividend is being issued. * Suspicions about joint venture with "Hump Haulage Ltd" * Ann & Brenda want to buy back her shares at 1/2 market value or they will pass a special resolution * Alteration of Articles. There are three types of partners in a business, the general, the dormant and the salaried partner, Carla is a general partner who under s 24 has the right to take...
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