Limted company - Help!

Ciara2008

I'm not quite sure this is the correct forum to post this on!

I've a bit of a problem.

I have had a business idea for the last few months that I really believe in. My problem was that to go ahead with this idea it involved borrowing a lot of money - and there is always a risk involved. I had a great name for the company but had no way to go about doing it - not that i could afford anyway.

So, being quite friendly with my ex (who is quite wealthy) in a fit of madness I agreed to let him back the project as he too thought it was a good idea. However, this was a very bad idea.

Unfortunatley we formed a limited partnership 2 weeks ago using my really good business name - as things with the company had been progressing quite well I feel like I am now confident to borrow the money and back this project myself but I would really like to use the same ltd name.

Does anyone know can we simply swap partners or (as I suspect) is there a lot more to it.

He is more the business brain in all this and I suspect will be quite unhelpful so would like to get this sorted myself.

Thanks

The Hill Billy

You should seek professional advice on this. Check the Golden Pages for solicitors who specialise in company law, trademarks, etc.