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How do i pay with nectar points on amazon?

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You need to buy an Amazon gift certificate for 4300 points. That gives you £20 to spend.

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LTD director of company question URGENT?

Hi

I am getting really stressed out and need some advice. I am director of a limited company and i own 50% shares. I want to leave the company for personal reasons but Just need some advice. My business partner has the wrong attitude and i just know that when he has bought me out he will run the company into the ground. He is wanting to take out a large loan and expand the company too quickly. All i wan to know is if he does this when i have left the company and sold all my shares will his bad debt effect me in any way. If the business ends up going bust will this effect my credit rating even though i am no longer part of it. Any help on this would be great.

Best Answer - Chosen by Asker

Only when he has bought you out and decides to run the company into the ground, it becomes 'his' problem, prior to that, any liabilities the company has is 'both' your responsibilities.

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Other Answers (3)

• I would make sure that you have a purchase and sale agreement that you both sign stating the price, date and conditions of the purchase by your partner. One of the things you should have in it is a provision stating he assumes all liability for debts occurring after date of purchase. Also make sure that your name is off all accounts where you personally have liability as of the date of purchase. If there are any loans outstanding, you will need to work with the lender to get your name off the loan.
  
  It might be best to talk to an attorney.
  Good Luck
• It is nothing to do with you, if you're out and your name was taken off as a company director and sold your your shares, what your partner does to the company is his own business nothing to do with you, if he run the company to the ground like you said so be it, there is no responsibility what so over on you as long you're gone.
• Make sure all documentation - Companies House/VAT/HMRC etc shows you no longer have an interest in the company - each website will show you how. Ensure you are removed from any Company Bank accounts. If remaining Director then scuppers the company you have no liability, lot of new but good trading companies make the same mistake, once set up a company needs at least 3 years to settle before even thinking about expansion. Good luck

Resolved Question

Help with directors leaving a company?

Hi

I just want to know what a director has to do to inform companies house that they are leaving a company. Is there a certain form they have to fill in? Also if a director leaves a company and sells all their shares are they then totally free of that company, for instance if the company was to go bust or get into serious debt would it go bad against the previous directors credit rating? I imagine that once all shares are sold and the director is no longer part of the company all his or her responsibilities are then void. I just want to know if I am right in thinking this.

Thanks

Best Answer - Chosen by Asker

I've just answered a similar question to this - Companies House have all the documentation you need, make sure all others are informed if your name appears - VAT/HMRC/Bank accounts. Don't leave your name with any suppliers you may use (credit terms), make a formal letter stating when all the loose ends were tied up and when you ceased to be a Director. Good Luck

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Help on closing a limited company?

Hi

I am looking for a bit of help with regards to what I need to do about shutting down my limited company. I will explain my situation below:

I am a director of a construction company that I started with my business partner in July 2009. We were both directors of the company but when we hit a bad patch he lost his nerve and sold his share of the company to me for £1. I became the sole director of the company but things didn't get any better. To cut a long story short I am now left with a company that is in debt, has no real assets and no money at all in the company account. I owe just short of £5000 to suppliers that are on account and I have red letters arriving everyday so I cannot order any stock, I am tied down to a 5 year contract with my landlord with a 3 year breaker for the company office and this contract had a surety clause, but worse of all we were paid £7500 in advance for a contract that there is now no way we will be able to start yet alone complete as we have had to use the money for other debts. My staffs have just been paid but I have had no other option but to lay them all off as I just wont be able to pay them at the end of the month. As stated my bank balance is completely empty and I must stress that the banks have helped me in now way whatsoever so I have no overdraft or credit facilities. My personal credit rating in rubbish and I own no personal assets. I have had to use every penny I could get my hands on to pay wages and I cant even afford to pay the national insurance contributions I took from the staffs wages. We have no jobs booked in and no contracts waiting to start other than the one we cant afford to start.

I would just like to know what I need to do to close down the limited company and what is going to happen to me personally. Would it be advisable for me to declare myself bankrupt or is that going too far? I would appreciate honest advice ONLY please. Oh and one last thing, I already know that it serves me right for buying the company share for £1 and I don't need anyone telling me that!!

Thanks in advance…

Additional Details

Sorry UK answers only please and I don't need to know how I can make millions through fake websites either thanks.

2 days ago

Best Answer - Chosen by Asker

You must be careful here. It is a criminal offense to continue to run a ltd company if you are aware that it is insolvent, which I think you are. You can apply to Companies House to wind the company up.
Instead of declaring yourself as a bankrupt, you can go for an IVA using an approved accountancy company - less trouble for you. Good luck.

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Other Answers (1)

• Hi
  Declare yourself bankrupt.
  Not an easy solution granted but whats more important , your health or wealth ?
  start again and have a break !! take some time out for family and get a part time job!!

Resolved Question

Where do I stand with work? On Maternity leave, but company been taken over!!?

I have just started my Maternity leave before christmas, but haven't had the baby yet - due in 6days. I am not due to go back until Sept, but in April the company I work for are leaving and another Company will be taking over. I work for the council, but we are contracted out to companies - which is changed every 4/5years. Due to this, I have just been informed that the department i work for will no longer exist and only some staff will be transferred to another company and others will be without a job. Where does this leave me?

Will the new company have to fulfill my maternity leave until the Sept or will they terminate my contract and not pay me after april. I have been informed there are meetings been held next month where we will be interviewed and asked what our roles are - where they will decide if that position is still available.

My main concern is that they will not fulfill my Maternity leave and what I will then be entitled to - as I am currently a single parent and money is very hard as it is.

All answers/advice welcome!!x

Best Answer - Chosen by Asker

As Steve says, you should be covered by TUPE. Speak to your local CAB who are very good on this sort of thing. They'll help you ask the right questions to find out what your position is.

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• I believe all Council contracts are covered by TUPE .. if so, the new company must honor your Maternity Leave (however they CAN make you Redundant when your leave ends)
  
  Talk to your Union Rep. (if you are not in a Union, and are considering going back to work, perhaps you should join one).

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Resolved Question

Why is the advertising limit set by OFCOM limited to 7 minutes per hour?

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to prevent advertising taking over commercial tv. It's an arbitrary number.

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• Is it? It feels more like 45.

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Sending an item back for refund on Amazon?

First of all I asked this question before but all I got was spam! So I thought I'd try again.

I bought a product off of a user on Amazon. Having just received the item, I am unhappy and wish to return the item. The seller said before and after I received the item that they will issue me with a full refund once I've sent it back. Even though the seller has good feedback, including a positive comment about a full refund for one of his other customers, I'm still a bit cautious. Do Amazon have a compensatory policy for this? Should I send it back? Thanks.

Best Answer - Chosen by Asker

Hi, I would send it back recorded delivery. I have had a look on the help page at Amazon and it appears to give you all the information you need there
http://www.amazon.co.uk/gp/help/customer…

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Other Answers (2)

• Once they recieve the item they will credit your account. Send it certified mail if you want to be sure. Ive only returned to Amazon not to individual sellers but I believe it works the same. Contact amazon for more info, maybe you are insured if something happens.
• Always be careful. I don't think that amazon takes responsibility for these things.