First, the excellent news. Operating your individual firm will be thrilling.
Now for the catch – it may also be difficult. When you’ve set your self up, there’s so much to consider, not least of all retaining firm information up-to-date and ensuring filings are made on time.
In keeping 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 tip 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, the truth is.
The chances are high that a lot of these new corporations can have been arrange by folks with little or no prior expertise of working an organization. Perhaps 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 equivalent to annual filings.
With that in thoughts, we’ve launched a new series of bite-sized webinars to supply assist and steering to each new and present firm administrators.
In addition to offering details about on-line submitting, together with different useful instruments and companies which might be out there 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 summary of administrators’ duties, adopted by find out how to file on-line) have already taken place, with tons of of people that registered prematurely attending in real-time. If you happen to 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 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 take a look at ‘What’s mental property?’ – explaining the variations between IP rights and find out how to shield them for your enterprise.
Then, on Wednesday 28 April additionally beginning at 10.30am, a fifth and ultimate webinar held in affiliation with the federal government’s Business Support Helpline will present solutions to among the most regularly requested questions which have come up all through the sequence.
Collectively, these 5 bite-sized webinars are a part of our ongoing marketing campaign aimed 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 can assist you perceive extra about your position and duties as an organization director.