An unusual type of dividend waiver - but does it work?
I want to pay each of my shareholders different amounts of dividends on a completely discretionary basis.
I dont want to have alphabet shares as there's too many shareholders. I also do not want the administative issues and uncertainty of asking for waivers annually.
If the shareholders agree (which they do), can I simply have one class of share, give each shareholder one share each, and place a provision in the articles which says shareholders are NOT entitled to equal dividends and shall only receive that amount which the directors determine in respect of each of them?
Does this work?
Any alternative solutions?
- The importance of Grammar 453 12
- Directors loan balance write off in period 317 17
- Fees for successfully defending a COP9 enquiry 147 4
- Capital Allowances and CGT interaction 26 1
- Childcare 176 3
- Why does Aweb always take the nuclear option … 2,395 52
- VAT Reverse Charge Accounting 154 4
- Entrepreneur Relief - inter company shares 130 2
- Sole Trader 271 6
- Copies of every transaction can't be OK!! 440 7
- is photo id necessary to set up a direct debit? 422 19
- Its going to be fun isnt it? 1,144 14
- Freelance Accounting link 196 1
- Can I force IRIS to produce an amended tax return ? 120 4
- Hannah's blog post about fish 648 6
- Is this dodgy? 603 15
- App recommendations 538 6
- Bookkeeping - Relevant Qualifications? 112 1
- Working Hours Calculation - Rounding Hours up/down 237 3
- Can I claim VAT back on accounting fees? 393 8
- Any knowledge of salesorder.com 353
- Chart of account segments; Balance sheet vs P&L 285
- Goodwill and the Summer 2015 Budget 270
- HMRC RTI Filing Problem 269
- Could and would anyone here carry out a hot file review of some non statutory audit work please? 256
- Electric Car 214
- S222 Charge 194
- What is the best acounting software for online international retail business? 185
- Foreign Tax on Pensions 183
- Company Structure 161