Client has recently had a heart attack and is dropping down to a few hours a week. He has brought in a guy to run his company for him.
At this stage, he doesn't want to relinquish any ownership of the company but is prepared to offer the manager a salary + a %age profit share based on the results.
Is there any way we can pay the profit share as a dividend? e.g. Issue a different class of share that participates in dividends but not ownership?
Is there another way?