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I don't think a recorded board meeting is required anymore, just an agreement between shareholders, which can be verbal or silent if as only shareholder you don't want to be seen talking to yourself.
I have the template.
99% of the time it says the same thing.
"You’re just a bad memory who doesn’t know when to go away" JR
freeagent generates the paperwork when you declare a dividend, so no need for a separate template.
It's paperwork is less than ideal for multiple shareholders though - it makes it seem like a single dividend split between shareholders is actually multiple dividends based on the wording of the minutes (which it generates for each dividend payment) and the vouchers.
What I do to make it absolutely clear that I'm declaring a single dividend is to use FreeAgent journals - create a single journal set showing the dividend entries and payment to the respective loan accounts with the appropriate splits (it still generates the dividend paperwork when you do this) - and then reconcile the bank payments as payments from the appropriate loan account.
Originally posted by TheCyclingProgrammerView Post
What I do to make it absolutely clear that I'm declaring a single dividend is to use FreeAgent journals - create a single journal set showing the dividend entries and payment to the respective loan accounts with the appropriate splits (it still generates the dividend paperwork when you do this) - and then reconcile the bank payments as payments from the appropriate loan account.
I'm now doing the same for record keeping purposes (not least because I paid a divi on 31st March after generating my first invoice but before the company being paid)
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