#441 ·
Here is my current understanding of how this works. Company owners (the founders) don't necessarily have to serve as the directors (representing the entity individually...). A director cannot be unemployed, though they can certainly hold a position at a different company. Owners, however, are permitted to be unemployed.
Suppose two friends start a business together; neither is currently employed, so they maintain their health insurance through unemployment benefits. They then appoint someone else—say, a wife who is already employed elsewhere—as the director.
If that woman goes on maternity leave from her primary employer (the one handling her payroll taxes and health insurance), can she still technically remain the director of this new firm? Specifically, would that mean no one from the new company is actually paying any payroll taxes or contributions during that time?
When the time eventually comes for the owners to step up, get hired, and take over as directors (representing themselves individually), what kind of costs should we expect for making that legal change?
Suppose two friends start a business together; neither is currently employed, so they maintain their health insurance through unemployment benefits. They then appoint someone else—say, a wife who is already employed elsewhere—as the director.
If that woman goes on maternity leave from her primary employer (the one handling her payroll taxes and health insurance), can she still technically remain the director of this new firm? Specifically, would that mean no one from the new company is actually paying any payroll taxes or contributions during that time?
When the time eventually comes for the owners to step up, get hired, and take over as directors (representing themselves individually), what kind of costs should we expect for making that legal change?
