A company director has many important responsibilities and duties so choosing the right director/s is essential. Directors are responsible for ensuring the success of the business and compliance with relevant regulations such as employment law and tax and corporate governance. Directors run the company and all limited companies must have at least one director who is a natural person (as opposed to a company).  Corporate Directors can be appointed as long as at least one of the Directors is an individual.

Directors must not:

-          have been disqualified by a court from being a director

-          be an undischarged bankrupt

-          be under the age of 16

A company director will have to ensure the annual accounts and return are correctly filed and act in a way most likely to promote the success of the business:

-          they must exercise a degree of skill and care in everything they do for the company

-          they must act in good faith

-          they must obey the law

Company directors have a large responsibility in a company and you should make sure anyone that is to be appointed as a director is fully aware of these responsibilities.

Some people choose to nominate a person as a director for their company through a company formation agent. Some company formation agents provide this service whereby you can nominate one of their staff or their corporate entity as a director for your company. They advertise that this service helps keep your personal information private.  However when nominating an unknown director to your company you will have their past and future records on your company records and you will not know what this person has done in the past or will do in the future. Therefore nominating a director through a company formation agent is not always a wise option.

If you wish to keep your personal address safe then you can appoint a company formation agent such as Wisteria Formations as your company registered office and also register your director service address the same as your company registered office. This will keep your personal information safe and also eliminate the worries associated with nominating a stranger as your company director.

To start your company formation now please follow the link below and for any further information on company formations please contact out support team on 0844 893 0808 or send them a message at formations@wisteria.co.uk and they will respond shortly.

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