All companies registered in England and Wales are required to appoint a “company secretary”. This appointment comes with a weight of legal responsibility under the Companies Act with around 150 offences for which breach a company secretary can be prosecuted.
Many smaller companies appoint one of the directors or a spouse as a company secretary. A sole director cannot be appointed as the company secretary, nor can a company’s auditor.
Given the above many small and medium sized companies appoint third parties to act as their company secretary to allow them to get on with running their business and to ensure they remain compliant with the law.
The main advantages to having a solicitor as your company secretary include:
- accurate and timely filing of the required documents to comply with the Companies Act
- ensuring that your company has access to accurate and up-to-date information concerning company law
- advice and support to enable the directors of the company to get on with running the business
- improved appearance to potential suppliers and customers
- one director companies do not have to ask their family, friends or employees to take on this responsible role
What to do?
Truelegal acts as company secretary for many companies. We aim to take the headache away. We also give credibility to a company.
Why not use our office address as your registered office. Great if you work from home.
If you would like more information about how we can help you fulfil your company secretarial duties contact us.
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