Director Protection Guide

Complete legal compliance checklist and personal asset protection strategies to safeguard directors during business financial difficulties.

Legal Compliance

Statutory duties and obligations

Asset Protection

Safeguarding personal assets

Documentation

Essential record keeping

Risk Mitigation

Proactive protection strategies

Essential Director Protection Strategies

Legal Obligations Checklist

Maintain accurate company records and accounts
File annual returns and confirmation statements
Ensure tax obligations are met
Act in the company's best interests
Avoid conflicts of interest

Personal Asset Protection

Avoid personal guarantees where possible
Separate personal and business finances
Consider director's insurance coverage
Document all business decisions properly
Seek professional advice early

Warning Signs - Seek Immediate Advice

Financial Red Flags

  • • Unable to pay debts as they fall due
  • • Creditors threatening legal action
  • • HMRC enforcement notices received
  • • Bank facilities withdrawn or reduced
  • • Suppliers demanding cash on delivery

Legal Risk Indicators

  • • Statutory demands served
  • • Winding up petitions threatened
  • • Director disqualification risks
  • • Potential misfeasance claims
  • • Breach of fiduciary duties

Complete Director Protection Checklist

Download the comprehensive guide with legal obligations, protection strategies, and emergency procedures