Small Business Accounting

How do I pay Dividends to other Shareholders?

By

Chris Andreou

How do I pay Dividends to other Shareholders? guide

Contents

To pay a dividend, you need to:

  • Hold a directors' meeting to‚ declare' the dividend.
  • Keep minutes of the meeting, even if you're the only director. For smaller companies, this may often be just a case of getting the paperwork completed.
  • Issue dividend vouchers

<p>To pay a <a href="https://www.goforma.com/tax/what-are-dividends" target="_blank">dividend</a>, you need to:<br></p><ul><li>Hold a directors' meeting to ‘declare' the dividend.</li><li>Keep minutes of the meeting, even if you're the only director. For smaller companies, this may often be just a case of getting the paperwork completed.</li><li>Issue dividend vouchers</li></ul><p><br></p>

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