{"id":2746,"date":"2015-10-21T00:00:00","date_gmt":"2015-10-21T00:00:00","guid":{"rendered":"http:\/\/hebblethwaites.wpengine.com\/index.php\/directors-responsibilities\/"},"modified":"2015-10-21T00:00:00","modified_gmt":"2015-10-21T00:00:00","slug":"directors-responsibilities","status":"publish","type":"post","link":"https:\/\/hebblethwaites.com\/index.php\/directors-responsibilities\/","title":{"rendered":"Directors responsibilities"},"content":{"rendered":"<p>\n\tWe are often asked to explain the role a director is required to undertake for an incorporated business. It is wise to take this question seriously as these responsibilities are written into company law &ndash; break them at your peril.<\/p>\n<p>\n\tThe government website lists these duties as follows.<\/p>\n<p>\n\tAs a director of a limited company, you must:<\/p>\n<ul>\n<li>\n\t\ttry to make the company a success, using your skills, experience and judgment<\/li>\n<li>\n\t\tfollow the company&rsquo;s rules, shown in its articles of association<\/li>\n<li>\n\t\tmake decisions for the benefit of the company, not yourself<\/li>\n<li>\n\t\ttell other shareholders if you might personally benefit from a transaction the company makes<\/li>\n<li>\n\t\tkeep company records and report changes to Companies House and HM Revenue and Customs (HMRC)<\/li>\n<li>\n\t\tmake sure the company&rsquo;s accounts are a &lsquo;true and fair view&rsquo; of the business&rsquo; finances<\/li>\n<li>\n\t\tfile a Company Tax Return and pay Corporation Tax<\/li>\n<li>\n\t\tregister for Self Assessment and send a personal Self Assessment tax return every year &#8211; unless it&rsquo;s a non-profit organisation (e.g. a charity) and you didn&rsquo;t get any pay or benefits, like a company car<\/li>\n<\/ul>\n<p>\n\tYou can hire other people to manage some of these things day-to-day (e.g. an accountant) but you&rsquo;re still legally responsible for your company&rsquo;s records, accounts and performance.<\/p>\n<p>\n\tYou may be personally liable for your company&rsquo;s business liabilities and be fined, prosecuted or disqualified as a company director if you don&rsquo;t follow the rules.<\/p>\n<p>\n\tTaking on an appointment as a director should not be undertaken lightly. Readers who have been asked to act and are still unsure if they should accept should take professional advice.<\/p>\n<!-- -->","protected":false},"excerpt":{"rendered":"<p>We are often asked to explain the role a director is required to undertake for an incorporated business. It is wise to take this question seriously as these responsibilities are written into company law &ndash; break them at your peril. The government website lists these duties as follows. As a director of a limited company, [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-2746","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/posts\/2746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/comments?post=2746"}],"version-history":[{"count":0,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/posts\/2746\/revisions"}],"wp:attachment":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/media?parent=2746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/categories?post=2746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/tags?post=2746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}