30/09/2026
What responsibilities do company directors have?
A company may have limited liability, but that does not necessarily mean a director can never be personally responsible for the company’s debts.
Directors have legal duties when managing a company, particularly when the business is facing financial difficulties. In certain circumstances, decisions made while a company is insolvent or unable to meet its obligations could potentially expose a director to personal liability.
Understanding your duties early can help you identify potential risks and make more informed decisions before the situation becomes more complicated.
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