Client wants to set up another limited company for a new business venture in the same trade but different location.
Client currently has one business in a limited format with 50/50 share holding with co director neither has a casting vote in case of deadlock.
Same directors want to form another limited company for a new business venture in the same trade as current business but in a different town. The shareholding will be the same and the new company will be finance separately to the current business with no inter company trading or funding.
I don't think this is a group but just wanted to run this past some more experienced eyes before getting back to the client.
Thanks
Lee