Dividends

by Sharon
(Calgary)

The Corporate Minute Book Requirements

The Corporate Minute Book Requirements

I have a new client and I am reviewing their books for the first time. It appears dividends are taken out random. I am not sure if they are declaring them at a shareholder meeting and if their minute book is up to date.

Can you please confirm when a dividend can be declared and what needs to take place after that in the books.



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Sharon,


Check out this post on declaring dividends ... make sure to read the comments too! Also take a look at my notes ... everything I know about the corporate minute book.

Are you sure they are dividends and not shareholder loans ... which are two different things?

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