Agent Orange Posted January 5, 2012 Share Posted January 5, 2012 Dyson employs over a thousand people in the UK, and many of these are highly skilled technical and engineering roles - had he kept his bulk manufacturing operation in the UK, it's likely that his competitive advantage would have been seriously eroded. Very true. The picture is far different from the one the OP makes out. Link to comment Share on other sites More sharing options...
Phanerothyme Posted January 5, 2012 Share Posted January 5, 2012 What capital did he start with then? Other people's Link to comment Share on other sites More sharing options...
truman Posted January 5, 2012 Share Posted January 5, 2012 Correct me if I'm wrong but the assetts of a limited company become a seperate entity from the assetts of the individuals who formed the company and therefore payments need to be taken as salary. Have you never heard of dividends? Link to comment Share on other sites More sharing options...
Cyclone Posted January 5, 2012 Share Posted January 5, 2012 Other people's Specifically how much though? Link to comment Share on other sites More sharing options...
spooky3 Posted January 5, 2012 Share Posted January 5, 2012 Slightly off topic, but... I'm reading a book at the moment which envisions diamond being cheaper than glass, well, one of the cheapest materials around. Makes sense too... Link to comment Share on other sites More sharing options...
Phanerothyme Posted January 5, 2012 Share Posted January 5, 2012 Specifically how much though? You'd need to ask him. Link to comment Share on other sites More sharing options...
Cyclone Posted January 5, 2012 Share Posted January 5, 2012 You'd need to ask him. I was asking Rich, he seemed to be an expert on the matter. Or at least new that he didn't have the same level (which must imply that he knew what that level was). Link to comment Share on other sites More sharing options...
andyofborg Posted January 5, 2012 Share Posted January 5, 2012 And why would they do that... there are other ways of paying yourself, ones which don't attract such hefty taxation. there are all sorts of reasons to form a limited company. for a start it provides you with some protection in case your business idea wasn't as good as you thought it was also, for people in consulting type roles they pretty much have to form a limited company or have to work through agencies it also gives you an opportunity to gain outside investment through selling shares in the company if you have a good accountant then the taxation isn't that hefty Link to comment Share on other sites More sharing options...
andyofborg Posted January 5, 2012 Share Posted January 5, 2012 Correct me if I'm wrong but the assetts of a limited company become a seperate entity from the assetts of the individuals who formed the company and therefore payments need to be taken as salary. if you are also a shareholder in the company then you can also take money through dividends. if you do it right then you can end up paying very little in tax/ni while still maintaining your eligibility for contribution based benefits Link to comment Share on other sites More sharing options...
andyofborg Posted January 5, 2012 Share Posted January 5, 2012 Quite clearly you assumed I mean't a limited company. However, I meant there are other ways of being paid through companies that are not limited. what companies are there which aren't limited? Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.