Dissolving a Ltd company

[Bumba]

My business partner and I own 50 % each of a limited company. One wants to dissolve while the other wants to continue trading under the same company name and address. Can I be forced to dissolve the company just because my business partner does not want me to continue. What would be the best solution to this problem as we seem to be at loggerheads.


S

[stratigen]

Originally Posted by Bumba

My business partner and I own 50 % each of a limited company. One wants to dissolve while the other wants to continue trading under the same company name and address. Can I be forced to dissolve the company just because my business partner does not want me to continue. What would be the best solution to this problem as we seem to be at loggerheads.


S

First, you'd be best served seeking professional advice.

In general terms:

What do to the "articles of association" (of your limited company) say about this situation?

Also, what do the "shareholder agreements" say?

Why not just "buy them out"?