As a Director, running a business can present regular challenges. However external factors like an economic downturn, a global pandemic or supply issues can bring challenges out with their control. Directors face important decisions during these challenging times and it’s important that you recognise such and make the right decisions in response.
Where a business is experiencing trouble it’s important that Directors look out for early warning signs and seek advice on possible solutions. If Directors continue to trade while insolvent they risk fines, being made personally responsible for company debts, or even a potential disqualification from directorship, as a result.
In this webinar and Q&A, Partners Pamela Muir and Chris Allan looked at the decisions that directors of small or medium-sized businesses might be forced to take, early warning signs and the practical steps Directors can take.
This webinar will cover:
- Directors duties; paper trails, regular accounts and objective assessments.
- Wrongful Trading; if things go wrong the steps you should take to avoid personal liability.
- Decisions and Actions that can be unwound.
- Where and when to get support
If you have questions about the steps you can take to protect your business please contact Pamela or Chris on 03330 430350
Broadcast: 11 May 2023. The content in this webinar, guidance and advice provided by the host, is correct at the time of broadcast. If you are watching a recording after the broadcast date please contact us for the most up to date guidance and advice on this topic.
