UK based accountant required to update share classes of new Ltd
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£125(approx. $156)
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Accountants,Tax advisers, Consultants, Corporate Services & due diligence services
Manchester
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Description
Experience Level: Intermediate
I’ve just setup a new limited company with my brother and sister in law using companiesmadesimple.com. We currently have 3 ordinary shares all of the same clause. However, I’ve been advised that to allow company the ability to pay different rates of dividend to different shareholders, we should have different share classes. This is important as our incomes differ significantly.
I’ve been advised that it is better to address the above now before the company is fully trading as it becomes more difficult tax wise if this is done later on. So far I have only put a small amount in to the business and there are a handful of expenses.
Initial transactions need to be put through accounting system (QuickFile) against the directors loan account. However, this can be treated as a separate arrangement as necessary. The priority is putting the correct share structure in place.
Thanks,
David
I’ve been advised that it is better to address the above now before the company is fully trading as it becomes more difficult tax wise if this is done later on. So far I have only put a small amount in to the business and there are a handful of expenses.
Initial transactions need to be put through accounting system (QuickFile) against the directors loan account. However, this can be treated as a separate arrangement as necessary. The priority is putting the correct share structure in place.
Thanks,
David
David B.
100% (1)Projects Completed
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Last project
14 Sep 2020
United Kingdom
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