Am I personally liable for company debts?

Usually not, but wrongful trading, personal guarantees and misfeasance claims are important exceptions.

What records should I keep?

Minuted board decisions showing what was considered and why are the strongest evidence that duties were discharged properly.

Middlesex · England

I need advice on my duties as a director - Brentford

Firms in Brentford, Middlesex that work on directors' duties matters for businesses, with no firms currently listed. Every firm shown is regulated by the Solicitors Regulation Authority.

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Firms in Brentford

No firms in Brentford currently list this type of work. Try nearby towns below.

What this usually involves

Directors owe duties to the company that bite hardest exactly when a business is under pressure. Early advice reduces the risk of personal liability.

Duties under sections 171 to 177 of the Companies Act 2006
Managing conflicts of interest and related party transactions
The shift to creditor interests when insolvency threatens

Common questions

Am I personally liable for company debts?: Usually not, but wrongful trading, personal guarantees and misfeasance claims are important exceptions.
What records should I keep?: Minuted board decisions showing what was considered and why are the strongest evidence that duties were discharged properly.