Private Company Distributions/ Dividends – Avoiding the Company Law Pitfalls and Keeping It Legal
Category: Law & Regulation | Date: 01/09/2022 10:00 | Duration: 1hr | Tag: WEBUK2253 | Type: Webinar | Speaker: David Impey
When advising director/shareholders of profitable private companies on the best way(s) to extract money from their companies each year, a distribution by way of dividend is often an attractive option – but dividends are only lawful if there are sufficient distributable profits, and the proper company law procedures have been followed.
If you get it wrong, it can mean legal liabilities for the shareholder and/or the directors who approved the payment – and a string of cases show how unsympathetic the courts can be if you try to re-categorise a payment as something else later on. This webinar will help you ensure your clients dividends are all lawful and effective - first time, every time.
In this webinar session, David Impey will cover the following:
By attending this session you will be better equipped to identify when a private company client is making a distribution (which isn’t always straightforward), ensure they have sufficient distributable profits to do so, and advise them of the company law steps they must follow to keep the distribution/dividend lawful, while avoiding common pitfalls and problems.
David Impey