First, the excellent news. Operating your individual firm might be thrilling.
Now for the catch – it will also be difficult. When you’ve set your self up, there’s quite a bit to consider, not least of all holding firm information up-to-date and ensuring filings are made on time.
In accordance with our latest official statistics, the variety of new corporations continued to rise throughout 2020, with 201,820 new incorporations seen between October and December 2020. And a complete register measurement of 4,674,672 corporations by the top of December 2020.
What does this imply? Though the broader results stay unclear, it seems that the social and financial upheaval attributable to coronavirus (COVID-19) doesn’t seem to have put folks off forming corporations. Quite the opposite, in reality.
The chances are high that a lot of these new corporations can have been arrange by folks with little or no prior expertise of operating an organization. Most likely they are going to nonetheless be within the ‘excited’ stage, not but having stopped to consider the nuts and bolts of operating a enterprise and authorized requirements reminiscent of annual filings.
With that in thoughts, we’ve launched a new series of bite-sized webinars to offer help and steerage to each new and present firm administrators.
In addition to offering details about on-line submitting, together with different useful instruments and companies which can be out there by means of Corporations Home, these webinars – which final about half-an-hour with time for questions – additionally clarify the authorized roles and obligations that include being a director.
Two of those webinars (an outline of administrators’ obligations, adopted by how one can file on-line) have already taken place, with a whole bunch of people that registered prematurely attending in real-time. When you missed both of them, you may watch a recording of the live presentations at a time that fits you.
The response to each has, to this point, been universally constructive.
The third webinar, beginning at 10.30am on Wednesday 14 April, is being staged collectively with the Insolvency Service and can deal with the topic of what a director ought to do if they think that an organization is bancrupt.
The fourth webinar, on Wednesday 21 April at 10.30am, can also be being held collectively, this time with the Intellectual Property Office, and can take a look at ‘What’s mental property?’ – explaining the variations between IP rights and how one can shield them for what you are promoting.
Then, on Wednesday 28 April additionally beginning at 10.30am, a fifth and closing webinar held in affiliation with the federal government’s Business Support Helpline will present solutions to a number of the most steadily requested questions which have come up all through the collection.
Collectively, these 5 bite-sized webinars are a part of our ongoing marketing campaign geared toward serving to you to turn into a greater director. In addition to these, our directors’ toolkit consists of some helpful hyperlinks and digital instruments that will help you perceive extra about your position and obligations as an organization director.