Re: FN-FORUM: Setting up a joint ownership company

date posted 1st October 2007 19:02

business link advsiers are freelance consultants who sell your ideas to
their fee paying clients beware what you give away i the form of ideas

Andrew


----- Original Message -----
From: "Alastair Tweedie" [EMAIL REMOVED]
To: [EMAIL REMOVED]
Sent: Monday, October 01, 2007 5:52 PM
Subject: RE: FN-FORUM: Setting up a joint ownership company


>
> The short answer re. liability is that yes, you will both be "jointly and
> severally liable" (to use the official words).
>
> Plus setting up a company for each app will add to your costs without any
> clear sales benefit. Why not have a single company selling a range of
> separate apps?
>
> I'd try BusinessLink as first port of call.
>
> Oh and, hello - I've only just joined this freelance web site.
>
> Alastair
>
> _________________________________________
> Alastair Tweedie
> Director, Layline Communications
>
> Email [EMAIL REMOVED]
>
> -----Original Message-----
> From: [EMAIL REMOVED] [EMAIL REMOVED] On Behalf Of James
> Herrington
> Sent: 01 October 2007 17:43
> To: FN-FORUM / [EMAIL REMOVED]
> Subject: FN-FORUM: Setting up a joint ownership company
>
>
> Hi everyone,
>
> I'm currently looking into setting up a joint company with another
> freelance developer, providing several online applications for public
> use. The current idea is that we setup a public limited company for each
> application (each application will be very different) and have a 50%
> share in the company each.
>
> I was just wondering if anyone knows of any good sources of information
> on this topic?
>
> Also if anyone has any experience or advice on what to look out for etc.
> then i'd love to hear it! My main worry is that if everything goes tits
> up i could be left liable and end up with a hefty debt, does anyone know
> if this is correct?
>
> Thanks in advance,
> James
>
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