Building a Team

What is a Limited Company

When you start a business, you need to decide if you are going to run it as a Sole Trader, a Partnership, or a Limited Company. The key decision criterion is about personal financial liability, although there are other implications to consider. This section highlights the advantages and disadvantages of being a limited company and outlines the legal responsibilities.

Directors’ duties and responsibilities

Taking on a directorship is a serious undertaking. It can be a fulfilling and prestigious role, but can also be rather daunting and you may have some questions. This guide provides information about the duties and responsibilities of being a director.

The director’s role

As has already been explained, the directors run a limited company and the shareholders own and fund it. This guide looks at the different types of director and what they do.

Corporate Governance

Corporate governance is the system by which companies are directed and controlled. This section looks at the main areas of corporate governance and how they affect your business.

Creating an effective board

For many small business owners, working with a board of directors can be a new experience and can be a challenge. This section looks at how to create an effective board and how to run a successful board meeting.

Ready to recruit?

Taking on your first employee is one of the most important steps in the development of your business. It is a major responsibility and a significant activity for any business. This section outlines the implications of recruiting for your business and highlights the benefits of good recruitment and the costs of getting it wrong.

Key stages of the recruitment process

Small businesses can find the recruitment process a daunting prospect. They are concerned that it’s a complicated process, and that there are challenges at every stage. This section takes you through the key stages of the recruitment process and helps make sure your recruitment is efficient, effective and fair. 

Getting ready for your new employee

Having made your decision and selected your candidate, there are a number of things to consider before they become an employee. This section takes you through the appointment process.