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>> No. 13130 Anonymous
30th May 2019
Thursday 11:14 pm
13130 Business business business
This bloke I've known for two years and another bloke who we've both known for about a week want to register a company with all three of us as directors/partners/shareholders. I trust the first bloke and I don't mistrust the second, my only misgivings about him are that he wants me involved despite knowing I can't really contribute anything.
What are the chances I'm being taken for a ride? Am I taking on any dangerous legal responsibilities by signing on as a director/partner or whatever?
I'm not being asked to invest anything other than time and creativity, I think they both know I don't have any liquid assets to speak of anyway.
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>> No. 13131 Anonymous
31st May 2019
Friday 12:05 am
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As a director, you are legally responsible, jointly and severally with the other directors, for the company's actions. This includes, amongst other things, a duty to act in the best interests of the company, which would include staying informed about company business and not standing idly by while your mates run it into the ground. Also bear in mind that if it is a company they want to start, your name and address will appear on the public register for any disgruntled creditor to see.

>> No. 13132 Anonymous
31st May 2019
Friday 3:22 am
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Is it an IPTV company? If you all get caught, you're the fall guy. They'll pay the Tax on your earnings and then liquidate the company at the end of March in the hopes of avoiding an audit.

Telling us what the company will do might help us advise you.
>> No. 13133 Anonymous
31st May 2019
Friday 7:49 am
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It's a company to build an app a bit like uber but done a bit differently.
>> No. 13134 Anonymous
31st May 2019
Friday 8:11 am
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Looking at that page I'd have a lot of leeway as it takes into account relevant skills when it comes to how responsible you are for it all. I might see if I can talk them into just letting me be a shareholding employee of some sort, I don't want to have my details listed like that.
>> No. 13135 Anonymous
31st May 2019
Friday 8:55 am
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A lot if not most directors give a mailing address, perhaps even the company's address.

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