I’m currently investigating a few options after I’ve started talking to one of my angel investment companies about working for them next year.
To date I’ve made a SEIS and EIS investment into the business. I’m currently employed by another company as a PAYE / perm employee. I’m due to leave my current employer early next year.
My understanding is that I can become a director in the (angel investment) business and retain my tax benefits, but I’ve not been able to confirm so far what I can / can’t do as a Director and retain my tax benefits.
E.g. can I become occupied full time by the business? Can I be paid by the business, and if so, in what way (e.g. monthly salary, dividends only etc.)
It’s only really going to be worth joining the business if I can retain my existing tax benefits, work for them full time, receive a regular income from the business, and build up a stake through further investments and share options being granted.
If anyone has any advice or links to helpful web sites, I’d appreciate their help.