As a director of a limited company, the law says you must:
You can ask other people to manage some of these things day-to-day. For example, an accountant can manage your accounts for you – however, please be aware that you as the director / business owner are still legally responsible for them.
You may be personally liable for your company’s business liabilities and be fined, prosecuted or disqualified as a company director if you don’t follow the rules. Contact your professional adviser or trade association to find out more.
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