Limited Company Director Responsibilities

Working through your own limited company is often seen as the best way to operate. Being a limited company director allows you to operate more tax-efficiently, be in charge of business decisions, and allows you to choose how you work. However, this does mean that you have to take on additional responsibilities.

Company director responsibilities include:

  1. Filing your accounts and tax returns
  2. Paying Corporation Tax
  3. Keeping company records
  4. Staying compliant, a legal requirement for contractors is to have Employers’ Liability Insurance

Your responsibilities

If you’re considering setting up your own limited company, there are responsibilities to be aware of before getting started. Contracting through your own limited company means you have to appoint a company director to run and manage your business, with most contractors appointing themselves as the company director.

Once you have set up your limited company, as a director you are responsible for:

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Appointing an accountant can save you time and stress when starting up on your own. If you would like to speak to someone about any of the above information or any other queries you may have, arrange a callback and a member of the team will be in touch.

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