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Hi, I will pass this on to my colleague who is better placed to answer this - he should reply soon. No need for you to respond in the meantime, thank you
Hi, Thank you for your question. My name is ***** ***** I am a company law expert. My colleague has asked me to assist you. You cannot close the company with out the other partners consent - at 50/50 the company is deadlocked. You can remove yourself from the company and any future liability but I first need to understand a bit about the company -is it insolvent? have you personally guaranteed its debts at all? Kind regards AJ
Hi, Thank you. You would have to go to court and say seek an order that the company be liquidated on the grounds that you and your friend were in a partnership that has no broken up. Otherwise you would need your partners consent. Does the company have many debts?
Hi, Thank you. Your only option is to get your partner to buy you out, or apply to court on the basis that this is a partnership that has broken down. If the company is not at risk of insolvency then you should remain as a director until you have agreed an extent, this is to ensure you have full visibility of the company financial affairs.