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Ltd Company questions

Re: Ltd Company questions

Postby dls » Tue Nov 08, 2016 5:05 pm

If it is making good money, suck it up.
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Re: Ltd Company questions

Postby BoJangles » Tue Nov 08, 2016 7:07 pm

CS could I suppose but recent events discovered a few imbalances which is why I asked the question if a Director of a limited company had to pay director loans back. :?
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Re: Ltd Company questions

Postby atticus » Tue Nov 08, 2016 7:59 pm

A director who has borrowed money from a company is liable to pay it back. But who is going to make him (or her)?
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Re: Ltd Company questions

Postby diy » Wed Nov 09, 2016 9:42 pm

being honest with yourself - Is D really the main asset? i.e. is this really his IP and skills with a few associates or assistants to do the boring stuff?
My suggestions are not legal advice
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Re: Ltd Company questions

Postby BoJangles » Thu Nov 10, 2016 11:09 am

BoJangles wrote:
2. Is a director of a limited company liable to repay company loans (dividends that were due to CS) If company is closed?

Thankies


Atticus wrote:2. No.


Atticus wrote:A director who has borrowed money from a company is liable to pay it back. But who is going to make him (or her)?


I thought you said 'no' :? :?:
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Re: Ltd Company questions

Postby BoJangles » Thu Nov 10, 2016 11:18 am

diy wrote: Is D really the main asset?


Yes

diy wrote:i.e. is this really his IP and skills with a few associates or assistants to do the boring stuff?


Yes lol but without any associates or assistants, completely solo which is why D is headhunted alot. The boring business side stuff got taken over by the accountants leaving little for the CS to do. Everything from accountants was/is addressed to D so CS got to see nothing except when CS's signature was needed and that is where the rows erupt.
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Re: Ltd Company questions

Postby atticus » Thu Nov 10, 2016 12:14 pm

What has CS contributed/does CS contribute to this company?
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Re: Ltd Company questions

Postby BoJangles » Sun Nov 13, 2016 6:58 am

New/current accountants engaged around 2011/12. Accountants made it clear to CS after first year of their engagement that the first point of call was D then the accountants. Accountant would have little to do with CS without D's say so, and so, CS has been as good as locked out of business for some years by D and Accountants.

Next question: How are D loans that have been taxed repaid?
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Re: Ltd Company questions

Postby atticus » Sun Nov 13, 2016 9:35 am

If you would like a better answer than "cash or cheque", can I ask you to clarify the question.
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Re: Ltd Company questions

Postby atticus » Sun Nov 13, 2016 9:37 am

Scrolling up, I answered "no" to a different question.
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