A non-public limited company will need to have no less than one director and they can also be a shareholder. If a person has been disqualified from performing as a limited firm director, are an undischarged bankrupt or are lower than 16 years old they can not assume this function. Administrators of limited corporations are chargeable for notifying Corporations House of any changes to the construction and administration of the corporate. Firm administrators are additionally workers of the company and should pay revenue tax and Class 1 Nationwide Insurance coverage contributions.
Senate Finance Committee Hearing
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