Just a quick question:
I'm a 10% shareholding director of a company, was an ordinary employee until around 2 years ago.
My questions are as follows:
1. If the company folds, would I be entitled to redundancy, and if so, on what basis? Same as if I was an ordinary employee? Statutory 2 weeks per year plus one.
2. Would I be entitled to social welfare payments if the worst happened?
3. Finally, if I am not entitled to the above as it stands, if I resigned as a Director and / or handed back the shareholding, would it restore my entitlements?
Thanks in advance for replies .
I'm a 10% shareholding director of a company, was an ordinary employee until around 2 years ago.
My questions are as follows:
1. If the company folds, would I be entitled to redundancy, and if so, on what basis? Same as if I was an ordinary employee? Statutory 2 weeks per year plus one.
2. Would I be entitled to social welfare payments if the worst happened?
3. Finally, if I am not entitled to the above as it stands, if I resigned as a Director and / or handed back the shareholding, would it restore my entitlements?
Thanks in advance for replies .