H
Ham Slicer said:Although the duties of director may be quite onerous they are not as daunting as some of the previous contributors make out.
Though if the auditors are being paid by the company for this meeting, then their advise will not be truly independent.johnflan said:ask for a meeting with your companies auditors so that they can brief you on your responsibilities and they will offer independent advise.
Unregistered said:Has anyone asked why the original poster was made a director, or has the poster thought to wonder why? There are many reasons awhy one may be approached to become a director, and while not all are sinister, some may be.....may be worth findong out...
sim said:Also be aware you can resign your directorship if you are uncomfortable.
sim said:Hi Clubman,
Just read the cover and it said first published by First Law limited but your link should make it easier for anyone to find if required.
Do you think non shareholding directorships are worth the potential hassle? My sister is a director in a couple of companies but with no shareholding and I feel it is of no real benefit because in my opinion if a company wants you as an employee you will still get same remuneration etc.
Do you know if a shareholder in a company is exposed to the same risks as a director?
hi,Ham Slicer said:Although the duties of director may be quite onerous they are not as daunting as some of the previous contributors make out.
Ignore your sister, she does not know what she is talking about. Your salary will only change if you have been granted 15% or more of the shares in the company. This is unlikely so your net salary will remain the same. Leave your house in your own name.
As Rainyday suggested go back to you superiors and ask them what your new role involves and what new obligations you have taken on.
sim said:Do you know if a shareholder in a company is exposed to the same risks as a director?
15% is the point where you are considered a proprietary director and have to fill out a Directors Form 12 every year. I'm not sure how it affects your salary but your PAYE tax credits will change (for the worse).hardiman said:hi,
i am wondering about this 15% figure that you quote, why is this significent?
Slán
~M
wowser said:15% is the point where you are considered a proprietary director and have to fill out a Directors Form 12 every year. I'm not sure how it affects your salary but your PAYE tax credits will change (for the worse).
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