Urgent Advice regarding CC member

[BusFact]

All i want is to keep my business name. Nothing more.
For all i care take the profit and leave but now their mission is to either dissolve the business or liquidate it.

Why is so important to keep the business name? Surely the customers can be redirected to a new business quite easily?

[Gillian]

Why is so important to keep the business name? Surely the customers can be redirected to a new business quite easily?

You right. Decided to give up on the name, I'm just stubborn because of all the time wasted and having to give it up after all the effort

So be it.

[Gillian]

I have decided to start my own business. This whole going into business with other people, isn't working for me.

Not going to make them an offer and then they can take care of the paper trail from there.

Now I can at least get my share of the non-existing profit and
I'm pretty sure I will be able to get at least one Happy Meal from Mcdees.

Seems "sharing is caring" will not be one of my good traits anymore.

I know I am going to need even more help to get this off the ground but thanks to all whom already helped.


"Never attribute to malice what can be adequately explained by stupidity"

[BusFact]

You right. Decided to give up on the name, I'm just stubborn because of all the time wasted and having to give it up after all the effort

So be it.

On the face of it, I think thats a good decision. You're probably already feeling less stressed. But I'm still not sure why it was time wasted. I assume you found clients from your advertising and so have their contact details. It should be fairly easy to redirect them to your new business?

Not going to make them an offer and then they can take care of the paper trail from there.

I am wondering if it would not be better to resign as a member, otherwise you're still responsible for tax returns and annual returns. Make a clean break and don't have loose ends that come back to haunt you in a few years time.

Any other readers know about the pitfalls of resigning as a member or not resigning?

[Dave A]

It's hard to establish a successful business without burning your fingers a few times along the way.

Great attitude, Gillian - onward and upward

[Gillian]

I am wondering if it would not be better to resign as a member,

If I resign they will have ownership of all the graphic design work as well as all previous designs done for the company. I'm unhappy about that but if it would be a better option I will definitely do that.
It is just a great deal of designs that will be lost for my portfolio.

They are planning to deregister the company which mean I have no say in it because they will have majority vote?