Hello to everyone!
My partner and me have set up a ltd. Both of us are currently working as an employees in different companies. We would like to work for our own company during our free time but without receiving any salary.
I was thinking to get the compensation through the dividends if this was the case.
My partner is going to do some software development and I am going to do some bookkeeping.We have got 2 different sic codes.
I understand that if my partner was the director he would have to become self employed ?? Is this right?
Another thing ...is there any possibility to get a liability insurance for myself being only shareholder and working for free for my own company? Must the liability insurance be under my name? Or under the company name?