Article 218 also establishes that the maximum salary that the administrator may charge may not exceed 10% of the profits distributable among the partners . His remuneration must be reasonably proportional to the importance of the company, its economic situation at any given time and the market standards of comparable companies. The remuneration system established must be aimed at promoting the long-term profitability and sustainability of the company and incorporate the necessary safeguards to avoid excessive risk taking and the reward of unfavorable results.
The maximum amount of the phone number for thailand director's annual remuneration must be approved by the general meeting and will remain in force until its modification is approved.
If the manager intends to charge for services other than management services, the way in which they are received will depend on whether he is a partner or not; his percentage of participation in the capital and whether the position is established as paid .
1- Partner who owns more than 50% of the shares and is paid a position in the bylaws.
If the partner owns 50% or more of the company, he cannot collect a salary as an employee. There are two options:
• Collect only a salary as an administrator (if the bylaws provide for it).
• Also collect as a self-employed person , invoicing his services . The new wording of articles 217 and 218 of the Capital Companies Act seems to establish that it is no longer necessary for said payments to be fixed in the bylaws, but it will be necessary to justify that there has been some type of agreement approved by the board, a representative or another administrator, since otherwise the “salary” will be arbitrary, having been set by the person who collects it.