When setting up your company, you may be thinking: who should be appointed as a Director of the company? This article outlines some information about the responsibilities of directors and who can be a director.

A director can be anyone aged 16 or over; and a director  does not need to be a UK resident.

A company may also appoint a corporate director however there is a need that at least one director must be a real person.

A director’s duty typically includes:

-          Acting within their authority

-          Acting in a way which promotes the interests of the company and exercising reasonable care, skill and diligence.

-          Duty by law to act in good faith for the best interest of the company, to act properly, to not make secret profits and to avoid conflicts of interest.

When incorporating a company, directors should be aware of the legal responsibilities placed upon them. You cannot be a UK company director if you have been declared bankrupt or banned from being a company director by a court.

During your company formation you can appoint a director as a shareholder and as the company secretary of the company. The company must have at least one shareholder who is an individual (real person and not a company).

Now that you have a better understanding of who can be a company director and how to proceed with your company incorporation, please follow the link below to begin your registration with Wisteria Formations.

https://www.wisteriaformations.co.uk/uk_company_registration

If you have any trouble please call our company formations support team on 0844 893 0808 who will be happy to help and answer any questions you may have.