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Can I make someone I dont know as director of my ltd company
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Originally posted by billpay View PostPlease provide constructive feedback
Personally, I'd be pushing the agency to drop their "you must be a director" line.Comment
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Originally posted by TheFaQQer View PostWhat happens at the end of the contract?
Personally, I'd be pushing the agency to drop their "you must be a director" line.Comment
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Originally posted by billpay View Postall your list is applicable if I make my friend as employee, but I will do this
I will start a new company with 100% share with me and I am director and my frend is director
Contract between agency and this ltd company and money paid into ltd company bank account
I will issue a sub contract between new ltd company to his own ltd company
He will raise invoice to me and I will pay him accordingly
He would probably know my margin but that is ok
If anyone knows any issues please let me know, dont just say it is not right or no one would do. I spoke to two accountants and both said this is fine
Please provide constructive feedback
Personally, I would just recommend him for the gig and get him to buy you a pint to say thanks.Comment
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You will also have to report the subbies details as part of the new reporting regs.
Also check about VAT registration when companies are connected - can't remember the details, but there are some restrictions.Comment
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If he's a director and you are a director, you could end up in a deadlock in board meetings.
You can appoint me as a director, too. I'll only charge £5K a year as a non-exec director, and make sure you always win the votes. Trust me.Comment
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Originally posted by fidot View PostYou will also have to report the subbies details as part of the new reporting regs.
Also check about VAT registration when companies are connected - can't remember the details, but there are some restrictions.Comment
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Originally posted by WordIsBond View PostIf he's a director and you are a director, you could end up in a deadlock in board meetings.
You can appoint me as a director, too. I'll only charge £5K a year as a non-exec director, and make sure you always win the votes. Trust me.Comment
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