Company manager.

If a company is to be established, a manager will need to be appointed. This does not necessarily need to be a shareholder, but they will be employed. This means the company is obliged to pay some taxes and state pension contributions; this applies even if the manager is not taking a salary.

Unlike the Power of Attorney, the manager appointed will have the authority to do anything within the company’s activities, mostly without limitation as long as his actions keep the company solvent and within the law. Where there is a decision to be made, such as buying or selling an expensive property, there maybe the need for a share holders meeting where the minutes will be documented. This is to show that the shareholders agree with the decision.