Remove a Company Director:

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Remove a Company Director

An experienced turnaround practitioner will have seen a similar situation to yours before and can advise directors and shareholders on their options for saving the business and how best to preserve value. In most cases there are better alternatives than liquidation and often ways to protect directors from the consequences of business failure. There are numerous fancy designations in most companies. But what sets a director apart is the fact that you need to have at least one director alongside one shareholder to be recognized as a company. In fact, while starting a company, there could be a sing director who might also be the single shareholder of the company. However, in cases where the director in question is the only director, a new director has to be added first before removing the previous one. As such, it is fortunate that the process to remove a company director is a relatively simple one. For more info, visit our website:-

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