Quick advice please

infoinfoinfo

Hi,

I am employed in my regular job. I want to set up my company.

While i keep working in my job, can i become company director at the same time?

Thanks for any answer!

Bigus

Yes of course you can.

infoinfoinfo

Great thanks.

Would you also know, regarding salary for directors, how can i set the salary, when i dont know how much the company will profit?

NinetyForNone

Are there any clauses in you Contract of Employment about working for other companies without approval of employer?

JMR

infoinfoinfo wrote: »

Great thanks.

Would you also know, regarding salary for directors, how can i set the salary, when i dont know how much the company will profit?

You don't need to know the salary that you will take as a director at the outset.

infoinfoinfo

Ah, so i can just monthly pay whatever i decide?

Many thanks

JMR

infoinfoinfo wrote: »

Ah, so i can just monthly pay whatever i decide?

Many thanks

Well, with the caveat that you can't pay yourself more than you have in the company a/c, including PAYE due!!

infoinfoinfo

Yep, understood. Thanks!