The Responsibilities of a Limited Company Director in the UK

As a director of a limited company, your legal responsibilities go far beyond just running the business - are you fully aware of the risks and duties that come with the role?

In this episode, I talk about the essential responsibilities of being a director of a limited company in the United Kingdom. Many entrepreneurs mistakenly believe that they and their business are one and the same, but understanding the legal and fiduciary duties that come with the role is crucial for success.

I also talk about the importance of understanding your authority as a director, the director's role in promoting the success of the company, independence, avoiding conflicts of interest, transparency in transactions, and so much more.

Timestamps
00:00 Introduction
00:53 Understanding your authority
01:51 Promoting company success
03:08 Independence in decision-making
04:06 Being competent and diligent as a director
04:54 Avoiding conflicts of interest
06:18 Transparency in transactions
06:50 Conclusion

Join me as we explore these critical topics and equip yourself with the knowledge to make informed decisions for your company. Running a small business is a journey filled with challenges and rewards, and staying informed is key.

| Podcast, I Hate Numbers | Ac| Tax|