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A director is the one that is responsible for the management of a company, they act for this company and it is their job to make sure that it does everything it is required to do by law. The director must abide by the companies act and make sure that every decision they make is in the best interests of the company.

According to the companies act, every company must have at least one director, and there is no limit to how many a company can have. The shareholders are the ones who decide who becomes a director; however it is often the case that in many small or new companies the director’s are the shareholders as well.

Some of a director’s responsibilities include; making sure annual accounts and returns are submitted on time to Companies House, notifying a change of registered office, notifying a change of a director or secretary and making sure a company stays solvent ( financially sound).

If you would like any further information on this please do not hesitate to phone or email us, or alternatively, you can simply use the live chat link available.

About The Author

Lee Murphy

MAAT and ICPA accountant, with a passion for making accountancy and bookkeeping accessible. Other interests include cloud-based software development for web and mobile access, keeping fit, reading, and entrepreneurship.

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