If I create a limited company with Ord A and Ord B shares at incorporation and adopted model articles, do I need to alter the articles of association to allow for differing dividend payments?
Typically, model particles are not very good at putting in policies for dividend payouts with different share classes. However, the fact that you clearly have different share classes does allow you from legal point of view to differentiate the dividends that you pay out.
Could You please Give a bit more Information about to close a company I just open a company and Bank Card as well but don’t use it for any business or trading after knowing you can’t do business on Student visa So now i want to close company and Bank account could you please help me 👏 and its will be affect on my visa if i will be apply again for study or work visa in Uk
@ahmadsaleem8977 Please book some time with an accountant to go through the best options for you. Please do not rely upon RUclips advice for your specific case as mistakes can be easily made
To be honest setting up a limited company needs to be complex given the variables that need to exist to meet each individual’s needs. Get an expert to help us always my suggestion
Great video. My question is - Please how can I add a director (my spouse) as a director to my limited company? My spouse is currently a company secretary but I now want to make her a director to avoid me being a sole director. We are both equal shareholders.
I am an only child, single and have no children. My mum has passed away and my dad lives in the US. Therefore I do not have anyone to add as a Director or Shareholder if I were to create a limited company. Am I better off being a Sole Trader? What is the best way forward in my position?
Need Help! If application is reject for some reason the amount is refundable or not? Cause i’ve received email which mention the amount is automatically refund with in 24 hour it may takes upto 4 days please clearify this issue.
The answer to this question very much depends on your situation. I would certainly suggest that a tax consultation to discuss your specific situation will help identify the correct tax structure
Thank you for uploading this video. However, I do have a question . I had formed a LLP with a friend that was a disaster. I’m now contemplating to now form a ltd instead where I’m the only one (less arguments and I know I’ll meet my deadlines on time) this leads to me what you said - it’s better not to be a sole director to at-least add a family member should any thing happen. Now if I add my mother as a shareholder would she then still have to be active within the business or do self assessment?
Having your mother as a shareholder could be a good idea for tax purposes. You could pay her money and if she earns less than you would pay less tax than you taking the money out of the company and giving it to her. She could not take an active role in the business if she is just a shareholder because she would also need to be big director for Banks and other legal matters
Need a buy to let mortgage? survey.zohopublic.com/zs/GuCCYx Corporation tax calculator www.optimiseaccountants.co.uk/what-is-a-uk-property-investment-company/uk-limited-company-corporation-tax-calculator/
Request a call back: If you are looking for a new US or UK real estate property tax specialists contact us here: survey.zohopublic.com/zs/80zrXp
If I create a limited company with Ord A and Ord B shares at incorporation and adopted model articles, do I need to alter the articles of association to allow for differing dividend payments?
Typically, model particles are not very good at putting in policies for dividend payouts with different share classes. However, the fact that you clearly have different share classes does allow you from legal point of view to differentiate the dividends that you pay out.
Can I put my young children down as share holders and pay them dividends or is there a age limit thanks
Great question
Paying dividends to minors would be taxable in the hands of the parent
@Simon-Misiewicz-US-UK-Taxes but if was yo put my partner then it would not be . ? Thanks
If someone creates a new UK LTD company, and eventually they don't use it for trading for any reason, how easy is it to close the business?
If you do a Google search and look for DS0 one form, this allows you to close the business with a £10 administration charge
Could You please Give a bit more Information about to close a company I just open a company and Bank Card as well but don’t use it for any business or trading after knowing you can’t do business on Student visa So now i want to close company and Bank account could you please help me 👏 and its will be affect on my visa if i will be apply again for study or work visa in Uk
@ahmadsaleem8977 Please book some time with an accountant to go through the best options for you. Please do not rely upon RUclips advice for your specific case as mistakes can be easily made
Why is the system so complicated and counterintuitive?
To be honest setting up a limited company needs to be complex given the variables that need to exist to meet each individual’s needs. Get an expert to help us always my suggestion
Great video. My question is - Please how can I add a director (my spouse) as a director to my limited company? My spouse is currently a company secretary but I now want to make her a director to avoid me being a sole director. We are both equal shareholders.
Fill in this form and away you go. Best of luck with the business: www.gov.uk/government/publications/appoint-a-director-ap01
You might also want to read this www.companylawclub.co.uk/minutes-of-members-and-directors-decisions
@@UK-Property-Tax-Accountants Many thanks - Much appreciated 👍
You are welcome 🙏
I am an only child, single and have no children. My mum has passed away and my dad lives in the US. Therefore I do not have anyone to add as a Director or Shareholder if I were to create a limited company. Am I better off being a Sole Trader? What is the best way forward in my position?
Speak to a good accountant to get advice on what tax structure to use 👍
Need Help! If application is reject for some reason the amount is refundable or not? Cause i’ve received email which mention the amount is automatically refund with in 24 hour it may takes upto 4 days please clearify this issue.
You are best to call them on +44 (0)303 1234 500
I am srilankan.i have pvt ltd in srilanka.but im doing my own single director. I want to have a legal entity in uk. Wat is the best sole or pvt ltd
The answer to this question very much depends on your situation. I would certainly suggest that a tax consultation to discuss your specific situation will help identify the correct tax structure
Thank you for uploading this video. However, I do have a question . I had formed a LLP with a friend that was a disaster. I’m now contemplating to now form a ltd instead where I’m the only one (less arguments and I know I’ll meet my deadlines on time) this leads to me what you said - it’s better not to be a sole director to at-least add a family member should any thing happen. Now if I add my mother as a shareholder would she then still have to be active within the business or do self assessment?
Having your mother as a shareholder could be a good idea for tax purposes. You could pay her money and if she earns less than you would pay less tax than you taking the money out of the company and giving it to her. She could not take an active role in the business if she is just a shareholder because she would also need to be big director for Banks and other legal matters
Need a buy to let mortgage? survey.zohopublic.com/zs/GuCCYx Corporation tax calculator www.optimiseaccountants.co.uk/what-is-a-uk-property-investment-company/uk-limited-company-corporation-tax-calculator/