{"id":5243,"date":"2017-03-02T11:15:56","date_gmt":"2017-03-02T11:15:56","guid":{"rendered":"https:\/\/www.qualityformations.co.uk\/blog\/?p=5243"},"modified":"2024-04-12T12:17:58","modified_gmt":"2024-04-12T11:17:58","slug":"what-is-a-limited-company-director","status":"publish","type":"post","link":"https:\/\/www.qualitycompanyformations.co.uk\/blog\/what-is-a-limited-company-director\/","title":{"rendered":"What is a company director?"},"content":{"rendered":"
\n Last updated: 12 Apr 2024<\/strong>\n <\/div>\n \n

In this blog, we will discuss the job of a company director in relation to a limited company registered in the UK. Becoming a director is very exciting and provides you with a prestigious status that\u2019s sure to make an impression, but it also brings with it a high level of responsibility and trust.<\/p>\n Director Appointment and Resignation Service<\/span><\/a>\n \n

Given the important nature of the role, it is vital to be aware of what it entails. This knowledge will ensure that you’re able to keep on top of your legal duties, do your utmost to make the company a success, and avoid the potential for personal liability.<\/p>\n

The job of a company director<\/h3>\n

In simple terms, company directors are the people who \u2018direct\u2019 the business on behalf of its members (shareholders\/guarantors). They are legally responsible for all day-to-day management associated with running a limited company.<\/p>\n

This includes buying and selling goods and services, taking care of finances and accounting matters, hiring and managing staff, keeping important business records, and ensuring that Companies House and HMRC are kept up to date with company information and trading activities.<\/p>\n

Directors do not own the company – it is the members who own the business. However, directors and members are very often the same people.<\/p>\n

Eligibility requirements – who can be a company director?<\/h3>\n

There are very few restrictions to becoming a company director, though certain people are prohibited from taking on the role, including:<\/p>\n