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Specialist Forums > Commercial Forum > Divers and company rules?
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jacqui.j.
posted : February 22, 2010 Post subject: Divers and company rules?
I am finishing with a company and going self employed, I have formed a company limited by shares and hope to put all my future earnings through this company,
I have just been told by a fellow diver that if I own a company then I can no longer dive,
IS THIS TRUE?????
If this is true then what do I have to do, I live to dive!

 
bagshy
posted : February 22, 2010 Post subject: Divers and company rules?
where are you from/ where do you work? UK? USA?

 
jacqui.j.
posted : February 23, 2010 Post subject: Divers and company rules?
U.K.
H.S.E.1 3+4
Employed by British company for 3 years,
Living and working here, Only abroad on contracts,
Any advice

 
bagshy
posted : February 23, 2010 Post subject: Divers and company rules?
Then I think somebody's pulling your leg. I'll say, though, that when I worked inshore regularly, I was SC60 self employed, a lot simpler that going down the Limited company route. To 'qualify' as a Diver working as a Ltd. Company, you used to have to prove it, by providing your own gear, employing, or having the ability to employ others, earning in excess of 30k a year etc. To 'qualify' as SC60, you had to fill in your name and address correctly!
A few Divers I knew still went the Ltd. Co. route though, so you'll have no problems inshore, Although you want a good Accountant that understands Diving and Taxes, not as simple as it sounds.
If you are working Offshore in the UK sector, you will not be able to use your Co. And Overseas, I have no idea.
I'd just contact two or three companies, and ask them if they would be happy with you to use your Ltd. company, and then also ask advice from one of the unions, eg. Derek Moore of the RMT, who, if he doesn't know something about Diving and Taxes, he'll know a man who can. Alternatively you could seek out Michael Cocks, the representative of the UK Inshore union, which used to be AMPS, not sure what it is now. He's, well, I'm sure he'll have some form of advice, you can probably trust!

 
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