wippers said:Can anyone tell me what the advantage is of being a Ltd company director?
Are you liable for possible future company losses?
Are you liable for possible future company losses?
Be a director you get more say in the company
Unless your being illegal or trading wrongfully then there is no problem
It's a limited company therefor your liability is limited the the shares you buy, if you pay £1 for your shares then if the company fails you loose your £1 if you pay £1,000,000,000,000 for your shares and the company fails you loose all that too. Your liability is limited to what you put in
On the other side them more you invest the bigger share of the profits you get too.
I work as an accountant btw
Cheers for the info. The shares are being offered as a free beneifit-in-kind valued at £20k. I would have to pay the tax only on this (around 40% - £8k). Would this make me liable for £8k in the event of company failure?
if you pay £1 for your shares then if the company fails you loose your £1 if you pay £1,000,000,000,000 for your shares and the company fails you loose all that too.
I work as an accountant btw
Steve Smith said:Then you should know how to spell lose!
Steve.
Accountants are good with numbers not spelling lol
There are some numbers a few posts up that aren't right and crucial information missing.
gman said:There are some numbers a few posts up that aren't right and crucial information missing.
Care to elaborate? :shrug:
Suppose your an expert???? ;-)
Just a little overview ill keep quite in future
gman said:I'm afraid I don't get involved in detail anymore thanks to a few members on here. But there's plenty of accountants about, although I've noticed an abense of any worthwhile free advice being given. The TP pond has been fished perhaps
Me? I don't know nowt. Your spelling is awful btw lol!
Accountants are good with numbers not spelling lol
Steve Smith said:I think they should be able to spell if writing to a client about losing interest on an account.
Steve.
so stop being a ****
I'm afraid I don't get involved in detail anymore thanks to a few members on here. But there's plenty of accountants about, although I've noticed an abense of any worthwhile free advice being given. The TP pond has been fished perhaps
Couldn't you just post the id numbers of the posts that contain the correct info then?
You clearly do not know what you should even be asking about.
I am purely trying to get a bit of upfront basic knowledge before speaking to a qualified accountant, so I may be able to go armed with some quesions. TP has always been very helpful to me whether photographic knowledge or other. Not sure I appreciate comments like this, but thanks all the same.
I don't really want to go down that road as mein Uber Gruppenführer won't allow it. But what Terry says is the best advice.
There are a few disagreeable members crawling out of the woodwork in this thread. How about if you don't have a contribution to make you don't say anything? What's the point suggested there's an error somewhere if you won't be specific and correct it? What's the point in highlighting little spelling mistakes?
I'm disappointed by a couple of members in this thread!
but it is a bit hypocritical considering you have 'Help Please' thread open at the moment. IMO of course.