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:
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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