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 Start-up flow chart: Appointing the directors of the company.

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Forming a company:

Apointing the directors of the company.

How many?

Every private limited company needs to have at least one director (and a secretary).
There is no maximum limit to the amount of directors you can have.

Your records.

Companies must keep a register of directors and secretaries, which must be available for public inspection.

Share Ownership.

Directors are not generally required to own share's in the companies that they manage, but there is nothing to prevent them from doing so, and they often do.

It's not just a title!

Among other things, the directors are responsible for the management of the company.

The directors are responsible for ensuring that the company does everything that it is obliged to do by law.

All directors are personally responsible for ensuring that the accounts are prepared, circulated to the members (those who own the company), and delivered to Companies House on time.

Make sure all of the directors understand their responsibilities.

Show me the money!

The directors are paid as employees of the company. Eg. Taxed PAYE and making National Insurance contributions.


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