Regulations and legislation are often shifting and evolving, so it can be difficult for businesses to have a full and thorough understanding of what laws apply to the decisions they make. Depending on the structure of your business also impacts which legal obligations your company is subject too.
For limited companies, law compliance extends to the board of directors, the company itself and any shareholder, and expert advisors can ensure that:
There are a range of circumstances that will require limited companies to seek advice on legal company compliance, including:
Accountants and auditors play an important role to ensure that companies are compliant with the law, whether you’re a sole trader or a limited company.
Legislation requires auditors to report clients to the appropriate authority in instances of corporate misconduct, which may result in fines or a prison sentence. So, it's essential that you’re fully aware of Company Law and consult an advisor to ensure all decisions are compliant with the law.
If you require advice on how to remain compliant, speak to us today.