Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Hi all,
I am the only director with 51% of shares. I plan to take a director's loan for more than £10000. My co will charge 3% interest on the loan.
Questions are:
1. Do I need to have a written resolution from a board meeting? I.e. something saying lts loans <name> £XXXX at 3% interest.
2...
Hi
The topic about dividend spreading to spouse gave me an idea. I am not sure if it will work and how to do it.
Currently I have an LTD with 100 ordinary shares of £1/each - 51 for me and 49 for the wife. Nothing special - we use the 2 divi allowances of 5000.
My idea is to restructure the...