
Originally Posted by
sablelodge
John now thinks he owns the Company.
John now wants to buy me out(pay me my dues)(Jill) which is OK, and I am ready to sign and get the %$^&*outa there
However Jack left a Directors Loan Account in debit behind. Because I (Jill) invested the majority of the money into the Business, I have requested that in nthe sell agreement John CEDE Jacks Directors Loan account to me. He advises that due to accounting principles and Tax rules he cannot - CAN SOMEBODY ADVISE IF AT ALL POSSIBLE.
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