Advertisement

Profit Share for Parent Company

381 Views  ⚫  Asked 2 Years Ago
asked on Dec 5, 2015 at 03:21
by   goodboy123
Company A (Sdn Bhd) owns Company B (Sdn Bhd) 70% of shares. Company B is a newly registered company that operate for about more than half year. Company B businesses was originally part of Company A business. As Company A owns majority of shares, therefore Company B is managed by Company A.

As Company B is a new company that operate less than one year, is it feasible (in terms of legally and accounting) for Company A to implement law that Company B will need to give 5% of it's revenue monthly to Company A? Or, Company A is only able get money from Company B by yearly dividend? If 5% monthly revenue is possible, please suggest how accounting can be done?

Thank you.
0 had this question
Me Too
0 favorites
Favorite
[ share ]
1 Answers
answered on Dec 5, 2015 at 03:41
by   EbrahimMalam
5% monthly revenue is possible
10% monthly revenue is possible
15% monthly revenue is possible
20% monthly revenue is possible
Just pay your Accountants Cum Auditors to do the window dressing of the accounts..!!!
0 found this helpful
Helpful

Your Answer





By posting your answer, you agree to the privacy policy, cookie policy and terms of service.