Legal advice

Can we get rid of a director?

I own a small business, incorporated in February this year, as one of three directors. One director is proving awkward to work with and won't agree to anything the other two directors decide on. We want to continue in business with just us two directors and get rid of the third guy. What are our options?

Accounting

Director of two companies

What are the tax implications of being a director of two companies?

Legal advice

Removing a director

Q: I am one of two directors of a small private limited company. I would like advice on how best to remove the other director. We are equal shareholders.

Accounting

Making directors liable

Most directors believe that a limited company does what it says on the tin: in other words, they do not expect to be held personally liable for the company's misdemeanours. That could be a false assumption, writes Kelly Tinkler of solicitors Rooks Rider.

Accounting

Paying directors with dividends

I am soon to open my company and keep hearing people refer to dividends as a method of payment for directors, whilst paying them around £5,000 per annum as a wage. Is this legal and if so, can you explain how this works please?

Accounting

Company Director’s Pay – Dividends or Salary

There are numerous ways in which company directors can pay themselves in a tax-effective manner. However, the most topical debate raging at the moment concerns the notion of taking a high proportion of your earnings as a dividend rather than via a salary.