Since the introduction of the Immigration Act 2014, the Conservative government has been open about its willingness to create a “hostile environment” for users of the immigration system, not least anyone who may not have a lawful basis to remain in the UK.
It is often quoted that 80% of businesses affected by a major incident, such as fire, close within 18 months and that 90% of businesses that lose data from a major incident are forced to shut within 2 years. These are quite shocking figures and would no doubt encourage many to ensure that their business continuity and resilience plans are robust. However, when it comes to the issue of fire, the role of a director is far greater than just resilience planning and dealing with the impact on the business. Many directors do not realise that they may be liable as the ‘Responsible Person’ under the Regulatory Reform (Fire Safety) Order 2005 (“The Order”) and what this means for them.
Up to now you’ve been operating as a sole trader. Your business is growing, your contracts are becoming more lucrative, and you want to limit your potential personal liability. You decide it’s time to incorporate a company and join the other 4 million private limited companies on the UK Company Register.