Share classification question
Discussion
One of my businesses is a
46/45/9 split with 3 directors.
All class A or normal shares all equal.
The 45 director wants to take the £758 a month wages to cover NI but myself as the 46 director doesn’t need to.
Can we change the share classifications to reduce the dividend the 45 director gets as they’ll have income from the £758 (ish)
I get my £758 from another one of my projects.
46/45/9 split with 3 directors.
All class A or normal shares all equal.
The 45 director wants to take the £758 a month wages to cover NI but myself as the 46 director doesn’t need to.
Can we change the share classifications to reduce the dividend the 45 director gets as they’ll have income from the £758 (ish)
I get my £758 from another one of my projects.
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