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xoggoth
6th May 2004, 21:50
In company with two directors I need to be able to pay different and variable amounts of dividend. Hardly practical to keep changing the share allocation.

I understand I can either use dividend waivers, or better, issue different classes of shares. Is it really as simple as say giving myself a class 1 share and other director a class 2 share and then paying ourselves whatever we agree on or are there any restrictions or problems I need to know about?

Ta for any answers.

whats in a name
6th May 2004, 22:26
Xog

this has been raised recently on accountingweb - try a search on that. There are legal things that need to be done correctly.

Companies house probably have a leaflet.

(its the RED quirrels you really need to worry about)

xoggoth
9th May 2004, 11:17
Ta whatsin. Tried Companies House site and sure enough they have full guidance. Never thought of that! Subconcscious rejection of anything governmenty I daresay.