A company director is a registered director of a limited company. Companies have two main arms of control – the board of directors and the shareholders.
In order to become a company director, you first have to register with Companies House to sit in the role. You’re then legally responsible for running the company. This includes sending HMRC updated information on the company’s accounts.
The size of the limited company doesn’t affect your status as a director. Whether it’s a one-man-band limited company or a company with multiple employees, your status as director remains the same.
The primary responsibilities of the company director include, but are not limited to:
Absolutely – there are directors who are also employees and shareholders. Just ensure that you are reporting your taxes correctly, or contact our team for comprehensive advice!
The best source of information regarding the roles and responsibilities of a company director is the Companies Act 2006.