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Quick advice please

  • 07-10-2014 10:34am
    #1
    infoinfoinfo
    Registered Users, Registered Users 2 Posts: 42 ✭


    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!


Comments

  • #2
    Bigus
    Registered Users, Registered Users 2 Posts: 4,946 ✭✭✭Bigus


    Yes of course you can.


  • #3
    infoinfoinfo
    Registered Users, Registered Users 2 Posts: 42 ✭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?


  • #4
    NinetyForNone
    Registered Users, Registered Users 2 Posts: 368 ✭✭NinetyForNone


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


  • #5
    JMR
    Registered Users, Registered Users 2 Posts: 636 ✭✭✭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.


  • #6
    infoinfoinfo
    Registered Users, Registered Users 2 Posts: 42 ✭infoinfoinfo


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

    Many thanks


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  • #7
    JMR
    Registered Users, Registered Users 2 Posts: 636 ✭✭✭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!!


  • #8
    infoinfoinfo
    Registered Users, Registered Users 2 Posts: 42 ✭infoinfoinfo


    Yep, understood. Thanks!


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