Its a theoretical question at the moment although i am hoping to be a majority sharholder say 80%. Would my level of shareholding effect the amount of retained profit the creditors would have a right to. If that was the case would it be beneficial for myself to only hold a small shareholding. Basica...

Thanks for the info but could you just clarify. When you say creditors still have a right to the remaining business profits do you mean the retained profit sitting in the company which has not been distributed. If that is the case, condidering that i may only be a 50% shareholder would'nt this unfai...

I am currently in an IVA where i pay 50% of my profits to creditors. I am currently self employed and it looks like my business will be expanding quite a bit in the next year or so. I am looking to take on a partner and incorporating the business. Question 1 - can you confirm that there is no restri...