As recommended, your accountant can advise, certainly for point a. Alternatively probably loads of info (too much even) on the inland revenue website, but if you've an accountant may as well use his/her expertise.
Point b is straight forward using forms from companies house where you can do all sorts with share allocations, issuing new shares etc. Have a look on their website for the info/forms.
If it's your company you can do anything you like whenever you like. An accountant will be able to advise whether you should be doing it (maybe better alternatives) and whether now is the right time, and how to do so legally and satisfy all the red tape nonsense.
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Previously on "Altering share allocation and altering directors salary"
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Originally posted by ookookHow easy is it too
a) Alter the directors salary (say from 10k a year to 6K a year)
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Altering share allocation and altering directors salary
How easy is it too
a) Alter the directors salary (say from 10k a year to 6K a year)
b) Alter the share split (say from 100% to 80/20)
Once the company has been incorporated and started trading?
or is this something that should ideally be done when the company is formed?Tags: None
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