Questions

This will depend on a number of things including but not limited to:

* Structure of the company
* Shares previously issued
* Number and type of shares issued for the 15% ownership
* Number and type of shares issued for the remaining 85% ownership
* Priority of dividend payment against each type / class of shares your company has issued. As well as whether they are to be paid before any other outstanding debt the company has
* Obligatory dividend payments
* Contracted agreement for dividend payments to invetors

Given the number of variables, contracted or otherwise, I would strongly recommend you speak with an accountant who understand the applicable legislation to your company depending on where it was incorporated and where it operates.

Please give me a call if you'd like to discuss anything further.

Wishing the best for you

S


Answered 8 years ago

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