I have a prospective client who needs to set up a limited company in order to apply for funding to make short films, and I'm trying to determine what is the best advice to give.
They are currently acting as a sole trader for their freelance work as a Lighting Technician and I wanted to know if they would be able to invoice the new Ltd company (that they will be a Director of) for their services as a Film Producer/Director, once they have magaged to secure the desired funding (which will be on a project-by-project basis)?
The Producer/Director services that they would provide for the Ltd company would be intermittant, as they are unlikely to know how much funding they will receive and when.
Also, would they be obliged to take some sort of salary as a company director, even if they are doing relatively little in this role?
The main motivation for setting up the Ltd company is to be eligible to apply for external funding, which would ideally be used to produce short films rather than paying a director's salary.
Or would it be best just to pay the director's salary and not take payment for Producer/Director services?