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?
- Flat rate vat 272 3
- RTI Annual Scheme Query 220 6
- Rental property company 162 2
- Can Excel sheets be imported into Digita Accounts Production Posting Sheets? 148 2
- PAYE coding notice - deliberate misstatement 398 12
- How quickly do you turn around y/e accounts? 419 9
- Starting up in practice - safety net 319 8
- What password safe app does anyone recommend? 1,462 27
- Small employers paying people when sick thanks alot! 3,179 35
- Director's current account - fuel costs and expenses 382 11
- How to avoid PAYE Registeration 284 4
- Payroo Employer allowance query 277 8
- Enforcing A CCJ 397 7
- RTI 'Late Filing' & paying employees in arrears 195 1
- Reporting no P11d due when PAYE scheme closed by HMRC 5Apr2013 214 2
- Comapny valuation qualifications 159 2
- Ex Client from over 3 years ago 536 5
- Director's tax return 418 8
- Sale of assets - availability of AIA to the purchaser 199 3
- Coming in from the cold 421 3
- Residential Property Purchase Above £750K 831
- Using Sage with Sofa Categories 575
- Does anyone have an unwanted ICAEW wooden plaque? 446
- Goods shipped inter EU and VAT Reporting 323
- Free Tax Legislation? 297
- Director Loan account operation 282
- Non-Resident Director - UK Tax Position? 269
- transferring simply accounting 2010 from xp to windows 7 262
- Sage 200 and Access Dimensions reviews 241
- Paye procedures for CVA 183