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Boss wants to give shares of company, but it’s a bit more complicated
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So my wife is a director of a business, and her boss (late 60’s) wants her to buy at least 33% of the business but is more wanting her to have the majority controls worth of shares.

My wife basically runs the company, and is effectively the business now in everyone’s eyes from staff to clients.

It gets a bit tricky as his civil wife and her kids have always been out to milk him for everything and he’s had enough. He was going to leave his 80% of the business to my wife in his will but his wife stamped her foot at this and pressured him to not do so, so he went along with it but is behind her back changing his will to how he wants it anyway.

But his wife has 20% shares in the business and has said she’d rather the business was sold to my wife once he’d died (assuming he dies before her anyway).

So my questions are, what legally is the best way to go about either selling the business to my wife or transfer of shares without the right of first refusal in articles first being offered to his wife?

Just wondered what potential avenues there are to get around this? As ultimately it’s going to cause argument and fallout no matter what?

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1 year ago