First, the excellent news. Working your individual firm might be thrilling.
Now for the catch – it will also be difficult. When you’ve set your self up, there’s lots to consider, not least of all retaining firm information up-to-date and ensuring filings are made on time.
In line 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 measurement 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 brought on by coronavirus (COVID-19) doesn’t seem to have put individuals off forming firms. Quite the opposite, in truth.
The chances are a lot of these new firms may have been arrange by individuals 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 corresponding to 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 present firm administrators.
In addition to offering details about on-line submitting, together with different useful instruments and providers which might be obtainable via Corporations Home, these webinars – which final about half-an-hour with time for questions – additionally clarify the authorized roles and duties that include being a director.
Two of those webinars (an outline of administrators’ duties, adopted by file on-line) have already taken place, with tons of of people that registered prematurely attending in real-time. In the event 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, to date, been universally optimistic.
The third webinar, beginning at 10.30am on Wednesday 14 April, is being staged collectively with the Insolvency Service and can tackle the topic of what a director ought to do if they believe 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 defend them for what you are promoting.
Then, on Wednesday 28 April additionally beginning at 10.30am, a fifth and remaining webinar held in affiliation with the federal government’s Business Support Helpline will present solutions to a few of the most often requested questions which have come up all through the collection.
Collectively, these 5 bite-sized webinars are a part of our ongoing marketing campaign aimed toward serving to you to develop into a greater director. In addition to these, our directors’ toolkit contains some helpful hyperlinks and digital instruments that can assist you perceive extra about your position and duties as an organization director.