Overview

You incorporated a company. Nobody explained what you'd just taken on. There's no induction for directors. No handbook. You filled in a form, got a company number, and everything after that you were expected to already know. This is the book that should have arrived with the certificate.What's in it What you actually signed up for. The seven legal duties in plain English and the six specific situations where limited liability stops protecting you. Most directors never face a personal claim. The ones who do made an identifiable mistake, and they're all in chapter one. How to pay yourself. The same £30,000 of company profit is worth £30,000 in a pension, £15,130 as salary, or £14,456 as a dividend. Here's why, and the catch that makes the biggest number the wrong answer for some people. The £90,000 line. VAT registration is triggered by a rolling twelve-month test, recalculated every month. Not your financial year. Miss it and you owe VAT on invoices your customers already paid without it - and some of them won't pay it twice. Your first employee. Four things must be done before their first day. One carries a penalty of up to £45,000 per worker, and it's the one people leave until the afternoon they start. Your first lease. The rent is the least important term in the document. Dilapidations, break clauses and security of tenure all matter more, and one of them can cost tens of thousands on the day you leave. The calendar. Every deadline, split into the fixed dates and the ones that move with your own - which is exactly why generic calendars are useless and why people miss them. When money is tight. Written to be useful to someone in the middle of it. The options narrow at every stage, and the gap between the first stage and the last can be six weeks. Plus what each mistake actually costs, a first-year checklist, and where to get free, independent help that isn't selling you anything. Why this one?Every figure is dated. When a rate changed, the book says when. When something is proposed rather than law, it says so - and that distinction is where most business guidance quietly falls apart. And where a number couldn't be verified, it isn't invented. You're told how to get it yourself and exactly what to ask for. Written for directors with no legal or financial background. Nothing is dumbed down - the awkward parts are explained rather than left out. This is information, not advice. It will help you ask the right questions and spot the expensive mistakes before they happen. It doesn't replace an accountant, and it doesn't pretend to. Book 1 of A Director's Guide, straight answers about running a UK company.

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