Adding house wife as a ltd company director

[MclarenBoy]

is it a good idea ?
what should be the percentage ?

thanks for help

[NotAllThere]

Yes, it's a good idea. 50%

[northernladuk]

What did your accountant say?

No chance we can give any advice based on so little information.

[mudskipper]

Director and shareholder are different things. You appear to be conflating the two.

Talk to your accountant - they should be able to advise the optimal structure for you.

[meridian]

“House” wife?

Do you have any other kinds of wives?

[Lance]

who's housewife?

[MclarenBoy]

Yes, it's a good idea. 50%

thanks.
one of my colleague added his mrs a director ( 50% shareholder) plus he gives her a salary ?
is it possible ? or is it a good idea ?

[MclarenBoy]

I want to add her as Director (with 50% shareholder )?
Can i add her to payroll as well ? (She is not working)

Thanks for the help

[northernladuk]

Just give her everything. No need register her as a director or anything. Unlikely you'll get caught.

/thread

[Louisa@AardvarkAccounting]

I want to add her as Director (with 50% shareholder )?
Can i add her to payroll as well ? (She is not working)

Thanks for the help

Not knowing the specifics or background in full.

But generally: if you are going to make her a shareholder, you may wish to consider either director and/or employee in the company, if she does not have/has little income elsewhere.

This will also help with meeting the eligibility criteria for entrepreneurs relief too when you come to close the company in the future, as you have to be a director or employee holding 5% or more of the shares.

If she is not working and has no other income, you'd at least want to consider giving her a salary to match the NI threshold. But if you are both employees, you may wish to have one employee at the personal allowance level and the other just over the NI threshold to make use of the employment allowance.

There's lots of possibilities on this one!