Paying yourself as the founder of a social enterprise
It's something that is often not talked about when you set up a social enterprise: How do you pay yourself through it, so you can still afford to pay your rent, eat, etc?
This session will explore the options through which you might be able to pay yourself as a founder of a social enterprise, as well as the implications of them for yourself, the enterprise and your wider community.
Through the session you'll be able to identify what the best options might be for your circumstances, as well as understand why other options which may be presented to you as 'the best way' might not be right for you.
This session will be led by award-winning social enterprise consultant and advisor Adrian Ashton.
This session will help you consider:
- As a Director, you need to legally act in the best (financial) interests of the enterprise - not yourself
- The need to budget for 'on costs' for payrolled salary positions
- The significance of HMRC's IR35 role and how it relates to your work
- Your wider employment circumstances, asides from your work for your social enterprise, which may impact on how you can pay yourself
- How the involvement and roles of other co-Directors impacts on available payment options
Who is this session for?
The session is aimed at Bury-based social enterprises, including CICs and other Companies Limited by Guarantee.
It can also be relevant for trading charities, helping them understand the options through which they can pay non-Trustees within it.
We can only have two people per organisation attend. If you need more members to attend, please contact us directly to see how we can support this.
All attendees will receive a certificate of attendance upon request.
This session is funded by UK Shared Prosperity Fund.
Joining Link will be sent following registration
United Kingdom