As we have all started the business ourselves, we will not be paying ourselves a large salary to make sure the business gets as much money as possible to give it the best opportunity to succeed.
We have agreed to take a salary of £12,000 for the first year. On top of this, 12.5% of the salary will be paid towards a pension, and 25% will go towards national insurance (12%), PAYE and income tax.
There will be some professional consultants to keep the books in order.
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