Hoi Higherlevel community! Please excuse my question to be in English.
I am the sole owner of a holding BV that itself owns:
1- 100% of a working BV
2- 13.75% of a STAK (this is recent from 2023 and no devidends are paid or o be paid yet)
The working bv A was established in 2021 and since then it made some variable revenus, but it ended up currently with around 230k in the bank account (of which only 50-70k is the revenue of current year 2024). It never paid anything out (no dividends, no management fees, no DGA salary...) since its establishment :) I know it is not good, but that's a procrastination mistake I have to admit...
Now, I want to fix things up and set a management contract, DGA payroll and dividend payments.
Question 1:
Is it correct to assume that this is the default setup I have to follow:
- set myself in the payroll of the holding BV retroactively starting inning 2024
- The holding BV invoice management fees to the working bv
- the working bv pays dividends (if any) to the holding
- the holding saves these dividends (for reinvestment or to pay them to me personally as dividends later - I do not need them for now)
Question 2:
Since the revenue of 2024 can barely pay the 56k management fees/SGA salary. Can the working BV still pays out dividends to the holding (and later to me...) without having to consider a higher salary for 2024? note that these are dividends from profit collected from previous years.
Question 3:
I think a salary of 56k is comparable to the same function in my industry, however I am working practically 0 hours for the holding and 20-40% of the time for the working bv only. Does this mean I am allowed to pay myself only 40% of 56k as a salary?
Question 4:
What happens if I have a bad year where not enough profit is made (say less than 50k), am I still supposed to pay the DGA salary or I can set it temporarily to zero? Is it normal that a DGA salary increase and decrease every year depending on profit?
Thank you!
Nabil