Remunerations/Dividends

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?

Comments appreciated.

Comments
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I'm not an employment lawyer ...

kenmoody |
kenmoody's picture

Thanks Ken

Anonymous |