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Most people do not want to consider or talk about what happens when a business partner dies. However, it is an important part of planning when forming a business in order to avoid struggling to implement the next steps for the business during a difficult time.
Under new insolvency rules, if under restrictions from bankruptcy directors can now be disqualified from acting as a limited company director.
A minimum of one director is required to register a company. Following registration, your company must have at least one director, but there is no statutory limit to the number of directors a company appoints during or after incorporation.
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