Question

Can someone tell me the situation regarding paying directors of limited by guarantee companies, versus limited by guarantee companies with charitable status?


There appears to be some confusion here in that it seems that directors of larger charities (with LBG status) are paid.


Many thanks,


Paul

Comments

deirdreg's picture

Paul,Directors of

Paul,

Directors of organisations with charitable status (from the Revenue Comissioners) and which are constututed as companies limited by guarantee cannot be paid for their services as Directors. This is prohibited by law  as other wise they would not be able to get charitable status from the Revenue Commissioners.

Regards, Deirdre

paulpd's picture

Thanks a lot Deirdre - much

Thanks a lot Deirdre - much appreciated.


Regards,


Paul