First, the excellent news. Working your personal firm may be thrilling.
Now for the catch – it will also be difficult. When you’ve set your self up, there’s so much to consider, not least of all protecting firm information up-to-date and ensuring filings are made on time.
In keeping with our latest official statistics, the variety of new firms continued to rise throughout 2020, with 201,820 new incorporations seen between October and December 2020. And a complete register dimension of 4,674,672 firms 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 firms. Quite the opposite, actually.
The chances are a lot of these new firms could have been arrange by folks with little or no prior expertise of working an organization. Possibly they may nonetheless be within the ‘excited’ stage, not but having stopped to consider the nuts and bolts of working a enterprise and authorized requirements reminiscent of annual filings.
With that in thoughts, we’ve launched a new series of bite-sized webinars to supply assist and steerage to each new and current firm administrators.
In addition to offering details about on-line submitting, together with different useful instruments and providers which are obtainable by Firms 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 learn how to file on-line) have already taken place, with a whole bunch of people that registered prematurely attending in real-time. Should you missed both of them, you possibly can watch a recording of the live presentations at a time that fits you.
The response to each has, thus far, been universally optimistic.
The third webinar, beginning at 10.30am on Wednesday 14 April, is being staged collectively with the Insolvency Service and can handle 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 have a look at ‘What’s mental property?’ – explaining the variations between IP rights and learn how to shield them for your online business.
Then, on Wednesday 28 April additionally beginning at 10.30am, a fifth and last webinar held in affiliation with the federal government’s Business Support Helpline will present solutions to among the most continuously 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 change into a greater director. In addition to these, our directors’ toolkit contains some helpful hyperlinks and digital instruments that will help you perceive extra about your function and obligations as an organization director.