Does Director and Secretary need to be paid

short question – does both the director of limited company and secretary of the limited company need to have salary ? If yes then I suppose that they should be paid the minimal wage. 

1 answer

Peter Connor Staff January 6, 2017

Sorry for the delay, if you’re a customer of Bullet if you click the (?). 
Nope, is a short answer then they’d be an employee. Here is a brief break down. 
Director – Runs the company, but she can be silent director or active director. But, they have accountability. 
Shareholder – They own the company, and have no accountability.
Employee – They work for the company and are the responsibility of the company.
You can be a Director & Shareholder & Employee, or just an Employee or any combo. 
Hope that helps Pete


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