Pringles123
Registered User
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- 1
Hi,
I am in the process of setting up a start up company. Myself and a business partner have done some initial work and we hope to get an innovation voucher grant from enterprise Ireland to get us to the next level. In order to avail of this we have to set up a limited liability company. We are both currently working and as such don't want our employer to know we are working km the side project just yet.
One of the requirements of setting up a limited company is to have 2 directors. I don't want to list myself as a director in case my employer finds out through tax. Initially for the first few months the company won't be making any money and directors will not be compensated in any way.
My question is if I list myself as a director will my tax status change? If I was to list my unemployed girlfriend as the director, initially until I quit my job, will it affect her dole? If I get my mother, who is working, but should be allowed to be listed as a director, to be one will the amount of tax she pays be influenced?
Has anybody any experience with this situation? Just don't want to get anyone into trouble or leave them out of pocket. I will change the directorship to my own name once I leave my job in a few months and in the meantime will sort out all necessary accounting issues for the company and directors if needs be.
Thanks
I am in the process of setting up a start up company. Myself and a business partner have done some initial work and we hope to get an innovation voucher grant from enterprise Ireland to get us to the next level. In order to avail of this we have to set up a limited liability company. We are both currently working and as such don't want our employer to know we are working km the side project just yet.
One of the requirements of setting up a limited company is to have 2 directors. I don't want to list myself as a director in case my employer finds out through tax. Initially for the first few months the company won't be making any money and directors will not be compensated in any way.
My question is if I list myself as a director will my tax status change? If I was to list my unemployed girlfriend as the director, initially until I quit my job, will it affect her dole? If I get my mother, who is working, but should be allowed to be listed as a director, to be one will the amount of tax she pays be influenced?
Has anybody any experience with this situation? Just don't want to get anyone into trouble or leave them out of pocket. I will change the directorship to my own name once I leave my job in a few months and in the meantime will sort out all necessary accounting issues for the company and directors if needs be.
Thanks