Search results

Did you mean managing agent here? Isn't it the managing agent and not the management company which needs to be licensed?

Any idea how common it is or what form it takes ? Would they get a percentage of all the work put their way ? Do you think all managing agents do this, even the larger ones?

Does anyone know if managing agents get kickbacks from the contractors, service providers who they send out to the apartments and where the provider eg roofer/plumber/maintenance person invoices the managing company (not the agent)? Does the managing agent receive any sort of commission or...

Hi, sorry, I'm only seeing this now. A relation of mine agreed to act as director, thank God. Hate saying this but some people in my block are just thick and don't get this. If they themselves have no intention of selling , they don't appreciate the potential problem. There is no tradition...

If a company accumulates cash, can the owner liquidate the company and assuming it's solvent, take the cash (net assets) and pay tax at the capital gains rate rather than personal tax rate? Is there any anti avoidance or restrictions around this as it seems like a way to extract cash from a...

Thanks. So it looks like owner director pays 4% (same as if sole trader?) whereas employee pays 4% and employer pays 10.75%. I know Leo was talking recently about extending PRSI benefits to the self employed. From what I can see (Citizen Advice Bureau website), this hasn't extended to...

I understand there can be tax advantages in setting up a company compared to operating as a sole trader ? For a one man operation, what would they be ? The employee/ director can extract cash as salary or dividend, both subject to the same personal tax rates as a sole trader? If the company...

Are PRSI rates the same for an owner director who is an employee of his own company as for a regular employee?

Thanks for the replies. The OMC is now a limited by guarantee company and as far as I know, these type of companies are required to have two directors (one of whom can also act as Co Sec) rather than one director and Co Sec. There is absolutely no way we could pay a third party to act as...

I am a director of the OMC for a small development of less than 10 apartments. The only other owner who was prepared to act as director has resigned and is not in a position to go forward again. I have explained the consequences but NO ONE is prepared to act as director. The managing agent has...