Hello,
I would like to know if being registered as a company director in a newly registered private limited company would affect my long term unemployment benefits?
I need to know if the company is unsuccessful will I be able to continue with my benefits?
There are 3 directors in the new company and one of them is 100% shareholder which is not me, all 3 of us have decided not to take a salary for at least 3 months of being in business to allow a build up of working capitol so that when we do take a salary the company could still sustain itself.
But if it is not successful after three months we may call it a day and none of us will have made a penny.
Do I need to declare to the social welfare office that I am now a director even though I am not making any additional income?
I would like to know if being registered as a company director in a newly registered private limited company would affect my long term unemployment benefits?
I need to know if the company is unsuccessful will I be able to continue with my benefits?
There are 3 directors in the new company and one of them is 100% shareholder which is not me, all 3 of us have decided not to take a salary for at least 3 months of being in business to allow a build up of working capitol so that when we do take a salary the company could still sustain itself.
But if it is not successful after three months we may call it a day and none of us will have made a penny.
Do I need to declare to the social welfare office that I am now a director even though I am not making any additional income?