Member Since: 13th Aug 2007
NORMAN WILSON - DIRECTOR Norman spent many years in commercial management in manufacturing and contracting. He is a Fellow of the Institute of Business Consulting with twenty five years consultancy experience, during which he has worked with a large number of small businesses in a wide range of industries. He as developed business Growth Clubs with Don Pearson. Norman helps companies develop Business Strategies including helping with implementation. He also helps companies implement ISO 9001, and BRC with performance improvement; select and implement systems (ICT) and Business Continuity plans.
12th Oct 2020
He should see a good solicitor. Adding to others comments. He could take a share in the ownership of the property. This is not unusual in when one party does not have enough money to buy the property. Solicitors have a standard contract for this. The standard contract covers with selling and moving. (My son owns a small percentage of our house). He could then gift that ownership to his child or children. Since his sister will then have to seek their agreement to move or when she passes on his children have access to the gift.
But please consult a solicitor with tax knowledge.
9th Jul 2020
it might be you could build a repayment of preference shares into the definition of the shares and agreement on repayment in the shareholders agreement perhaps on proportional payments. I also support the in offer of independent advice to both as above.
8th Jul 2020
There are some key points.
Firstly you are correct on the resolution see
Secondly in all cases it is essential you have a shareholders agreement in place to establish what will happen in the future. A simple draft can be obtained from many sources I use the IOD.
Thirdly there can be different classes of shares with different benefits accruing e.g. dividend policy, distribution on the sale of the company.
Have you considered Preference shares. They would not affect the voting rights.
Finally, the minority shareholder may need protection if things do not remain as even handed as they appear at the moment.
29th Jun 2020
I did this 30 years ago when I left my employer to become self employed. i managed to insure it as the keeper.
I paid the monthly fees to my former employer and returned it after 1 year, the amount outstanding on the lease. It suited the company because of the cost of returning an unwanted leased car early. it suited me because no upfront payment on the lease in my first loss making year.
I know that the taxable benefits were not the same then. The tax inspector who passed off my first 3 years trading did not comment on the arrangement. He was believe on not a Mr Millions.
26th Jun 2020
My son does this for a living. So I can use his experience in replying.
Wordpress has themes which you could call templates. They set out the style. so yes they all use these themes.
Secondly. The design for the SEO is important as the way the website has its pages named is important.
In judging who is best look at examples of their work and see what you think your Target audience will like.
Now about costs. How many pages you have matters. The more pages the more it will cost. Depending on where in the UK you are the rates for an independent can vary from £35 per hour to £100 per hour.
Find out what they are doing for the monthly SEO charge as it could be nothing much. Get specifics about this. It can be a bit like razors and blades. They make the money on the SEO because it has a bigger margin.
The key to all website progress is to have the content ready for the developer. Most people do not do this and there is a cost for someone.
So if you have 7 pages and you think they can do a page every 2 hours then £490 is a good price but all of that may not be true.
26th Jun 2020
I have been part of a club committee to deal with the after effects of overspending.
Firstly the Club members will want the club to continue.
Secondly the committee members mostly are only there to make the numbers up and would run away if there were financial penalties for them.
Thirdly it is most likely that they are only on the committee because they are the only people who turned up to the AGM.
If they are not a charity no one outside cares unless they cannot pay the bills.
So qualify the accounts.
Most probably the next AGM will come the Accounts will be accepted and the usual people will continue on the committee.
I hope this helps.
24th Oct 2019
Why did Workflowmax not suite. It seems to solve all the issues you mentioned with perhaps receipt bank or something similar for collecting those site based receipts.
There are specialist advisers on this product. They can be found on the workflow Max website see https://www.workflowmax.com/partners/find-an-it-partner
PS I am not one of them or connected to any of them.
17th Sep 2019
You may find the recent book Rockonomics by Alan B.Krueger a good read about the the economics of the music industry.
12th Sep 2019
One important thing to consider when adding apps is he degree of integration they offer with your accounting package.
No one likes completing timesheets. They should be completed at least daily otherwise they will have no accuracy. the knowledge that this can and will be seen is good.
These are easily fund on the websites of the accounting packages.
10th Sep 2018
Thanks we will stop doing this and issue monthly invoices on payment.
Thanks for your wisdom and help.