Thanks for looking.
We have formed a limited company with 100 ordinary shares. This has been dormat for around a year.
We have now decided to start trading under the limited company name.
Although we want equal shareholdings we need to be able to draw differing dividends. I belive this is possible using a different class of share.
How do I do this for an existing company?
Nicholas Robinson
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well.......
....there are indeed "alphabet" share schemes.
You should be aware they are subject to HMRC attack (why being obvious enough).
Different schools of thought as to how vulnerable the schemes are.
Soooo .........
it is worth trying to get it right to have best chance of warding off attack.
On which basis, I personally would forget about the existing company and start from scratch. Less easy to trip up and arguably might be less expensive as well.
I would recommend you go to a good accountant (find one who at least sounds knowledgeable on the topic) and probably lawyer (for formal shareholder agreement) for this rather than DIY. Not that there is any great einsteinian maths or mysteries involved per se, just it is a minefield if you go wrong. Depends on potential sums involved, but they would have to be small to justify not getting profesional help.