Dear All,
If there is a small company with two directors (husband and wife) and the shares are split 51(Husband):49(Wife)
The activity of the company is IT contracting, IT R&D and Art creation. The husband covers the IT areas, with the wife creating the art and doing the administration, with the Directors fees / salary split roughly 66-33 % in favour of the husband.
So far all the money has come from contracting as the IT R&D is still ongoing (but made substantial progress) , but the art while being created is not selling.
If the IT contracting stops, what is the best way to restructure the company.
Arty
If there is a small company with two directors (husband and wife) and the shares are split 51(Husband):49(Wife)
The activity of the company is IT contracting, IT R&D and Art creation. The husband covers the IT areas, with the wife creating the art and doing the administration, with the Directors fees / salary split roughly 66-33 % in favour of the husband.
So far all the money has come from contracting as the IT R&D is still ongoing (but made substantial progress) , but the art while being created is not selling.
If the IT contracting stops, what is the best way to restructure the company.
Arty
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