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Jo C.
Jo C., Barrister
Category: Law
Satisfied Customers: 31300
Experience:  Over 5 years in practice
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Me and my brother own a company 75% to 25%. He has decided

Customer Question

Me and my brother own a company 75% to 25%. He has decided to up his salary and deny dividends being taken. My salary has not to increase and no more dividends to be taken. What can i do about this?
Submitted: 10 months ago.
Category: Law
Expert:  Alex J. replied 10 months ago.

Hi Thank you for your question and welcome. My name is ***** ***** I will assist you. Does the company make any profit? Do you have a shareholders agreement?

Customer: replied 10 months ago.
the company makes alot of profit and we do have an agreement.
Expert:  Alex J. replied 10 months ago.

Hi thank you. Has the company always traditionally paid dividends? What does the shareholders agreement say about paying dividends and how it is approved? What does SHA say about awarding excessive salaries?