From: "Troy Steadman" 
Newsgroups: uk.legal uk.finance uk.business.accountancy
Subject: Re: Starting a limited company, while in other employment
Date: Wed, 16 Jul 2003 10:32:11 +0000 (UTC)
Injector-Info: news.mailgate.org; posting-host=82-43-209-105.cable.ubr10.newm.blueyonder.co.uk; posting-account=125090; posting-date=1058338468

"Blue"  wrote in message
news:13593b6c.0307160116.6cb5aedc@posting.google.com

> Is this legal, possible?
> 
> I am in fulltime employment but want to start a limited company on my
> own at the same time.
> 
> I do not want to draw a wage from the company, just put any profits
> back into the company.
> 
> I will be working for the comapany but If I dont draw a wage am I
> still an employee? I'm guessing the company must have at least one
> employee?

A company must have at least one director who need not be paid. You
would presumably be a shareholder and could receive dividends on your
shares. What exactly are you trying to achieve?


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