Working with family means mixing business and personal life, which can be quite a difficult thing to get right. It has both its benefits and disadvantages, you just need to make sure that you are prepared for it. If you are considering hiring family or having family members as partners in your business, you need to consider how well you could work with them. Working with family can be great as well as challenging, you may bring the best out in each other or you could bring out the worst.
Limited companies can distribute profits they generate via dividends to company shareholders. However, you must ensure that all dividend distributions are legitimate, otherwise you could fall foul of HMRC.
When a limited company makes a dividend distribution, all shareholders should be given a dividend voucher, which can be in either paper or electronic form.