Yes, you need to have at least one director for your limited company in the UK. A director is a person who is responsible for managing the company and ensuring that it meets its legal obligations. A director can be an individual or another company, and they can also be a shareholder or an employee of the company. You can appoint more than one director if you wish, but they must be at least 16 years old and not disqualified from being a director.
You do not need to have any employees for your limited company in the UK, unless you want to hire someone to work for your company. An employee is a person who works under a contract of employment and receives a salary, benefits, and rights from the employer. An employee can be a director, a shareholder, or an outsider of the company. You can hire as many employees as you need, but you will have to comply with various legal and regulatory requirements, such as paying wages, taxes, and national insurance, providing a contract of employment, and following health and safety rules.
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What are the roles and responsibilities of a director in a limited company UK?
The roles and responsibilities of a director in a UK limited company UK are:
• To act in the best interests of the company and its shareholders, and to avoid any conflicts of interest or personal gain.
• To manage the company's affairs and operations, and to make strategic and financial decisions that are lawful, prudent, and informed.
• To comply with the legal and regulatory requirements of running a company in the UK, such as registering with Companies House and HMRC, filing annual accounts and returns, paying taxes and fees, etc.
• To keep accurate and up-to-date records and documents of the company's activities, finances, and transactions, and to make them available for inspection by the authorities or the shareholders.
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• To safeguard the company's assets and resources, and to protect them from any risks or liabilities that may arise from the company's activities or contracts.
• To delegate tasks and responsibilities to other directors, employees, or agents of the company, and to supervise and monitor their performance and conduct.
• To communicate and consult with the shareholders, employees, customers, suppliers, partners, and other stakeholders of the company, and to maintain good relationships with them.
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