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My client is a manufacturing company that has been in business for a period of years. Since starting, they have rented a factory unit; however, the lease will come to an end in a couple of years time and as the company has proved that it can trade successfully on an ongoing basis, the four director/shareholders (who are two sets of husbands and wives) are considering whether it would be better to purchase a new unit.
My client is a manufacturing company that has been in business for a period of years. Since starting they have rented a factory unit; however the lease will come to an end in a couple of years time and as the company has proved that it can trade successfully on an ongoing basis the four director/shareholders (who are two sets of husbands and wives) are considering whether it would be better to purchase a new unit.
From a financial point of view the property purchase seems to make sense but my stumbling block is who or what should own the property. I have always thought that personal ownership would be best but there have been one or two 'issues' between the couples in the past and I do worry about what would happen in the event of a major falling-out. I wonder...
