Hi All
I'm in my second month of working as a limited company and doing the minimum salary/dividends method of withdrawing money from the company.
So far I've paid for an annual train ticket, which means that I've had just enough income to the company left to pay the right amount for my salary and dividend, but as from next month I will have enough to start paying dividends to my wife.
She works, so I will need to pay her a different amount of dividends. At the minute I only have the one share issued, so I'm looking into what is the best option;
A) Issue a single different class of share to her and declare 2 different amounts of dividends each month.
B) Issue 99 more shares and split them appropriately, with changes related to any rises in pay for her.
Obviously A seems the easier option, but does anyone know if there are any issues inherent with either solution?
Her dividend will be going into a seperate account for her and won't be put towards any bills or mortgage to avoid any accusations of the money really being for me.
I'm in my second month of working as a limited company and doing the minimum salary/dividends method of withdrawing money from the company.
So far I've paid for an annual train ticket, which means that I've had just enough income to the company left to pay the right amount for my salary and dividend, but as from next month I will have enough to start paying dividends to my wife.
She works, so I will need to pay her a different amount of dividends. At the minute I only have the one share issued, so I'm looking into what is the best option;
A) Issue a single different class of share to her and declare 2 different amounts of dividends each month.
B) Issue 99 more shares and split them appropriately, with changes related to any rises in pay for her.
Obviously A seems the easier option, but does anyone know if there are any issues inherent with either solution?
Her dividend will be going into a seperate account for her and won't be put towards any bills or mortgage to avoid any accusations of the money really being for me.
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