You are reading a single comment by @inchpincher and its replies.
Click here to read the full conversation.
-
Small company with five directors/shareholders (all 20%) but we haven’t yet sorted the articles of association. We wondered whether just some parties could draw a dividend or all of us. It’s question for the solicitor really but I thought I’d google it and quickly got confused!
inchpincher-
If it were possible, other than by issuing different share classes, IR35 would be an irrelevance.
Contractors could band together as a Ltd, and arbitrarily take any amount of dividends in place of salary, irrespective of contribution.
From that, you can infer that you can't do it, or everyone would be doing it already.
-
Yes it’s possible, you create different classes of share. You’ll probably need an accountant to make sure it’s setup properly though
NotThamesWater
Monster1985
When you say unequal you mean relative to their shareholdings eg. we both have 1000 shares you receive a dividend 1.3x mine ?