I'm in the process of getting myself set-up to start a first contract. Probably going the Limited Company route. If I'm Director and make my wife Co Secretary, does this exclude her from being able to contract herself at a later date? Would she have to become a director beforehand?
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Can Limited Company Secretary contract themself
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Can't see any reason why she can't.bloggoth
If everything isn't black and white, I say, 'Why the hell not?'
John Wayne (My guru, not to be confused with my beloved prophet Jeremy Clarkson) -
No. As an employee of your company you can ship her out to work to earn the company money. She would only be able to be paid like an employee though - i.e. through PAYE. To be able to draw dividends, she would have to become a director.It's about time I changed this sig...Comment
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Originally posted by MrRobinTo be able to draw dividends, she would have to become a director.
To draw dividends she needs to be a shareholder, nothing to do with being a director.
Also nothing to stop her starting her own contracting company, and you being her Co. Sec. for that (which might be a better answer than both using the same).Will work inside IR35. Or for food.Comment
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Thanks for your prompt answers.
If I've understood your posts, my wife could be the Company Secretary, I can push her out to work, and as long as she holds shares she can draw a dividend. If we held equal shares do we have to take equal dividends?
I was thinking if we both contract under the one company name then it would better meet IR35 tests.Comment
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She can be a secretary as well as adirector. You can file online."A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George OrwellComment
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Originally posted by VectraManTo draw dividends she needs to be a shareholder, nothing to do with being a director.It's about time I changed this sig...Comment
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If we held equal shares do we have to take equal dividends?Too close for missiles, I'm switching to guns.Comment
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Originally posted by maverickEqual shares then equal divis. It's only fair.God made men. Sam Colt made them equal.Comment
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Originally posted by NewManThanks for your prompt answers.
If I've understood your posts, my wife could be the Company Secretary, I can push her out to work, and as long as she holds shares she can draw a dividend. If we held equal shares do we have to take equal dividends?
I was thinking if we both contract under the one company name then it would better meet IR35 tests.God made men. Sam Colt made them equal.Comment
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