The law imposes strict duties and responsibilities on company directors and recent developments have extended the duties and responsibilities particularly as they relate to managing directors.

Before becoming a company director you should be aware of these duties and responsibilities, your role as a guardian of the corporate assets and your potential liabilities in the event that the company is subjected to litigation or compulsory winding-up. 
 
Whilst it is commonly thought that a company structure will protect an individual’s assets, there are situations in which a director may be personally liabe for a company’s debts or even face criminal sanctions for activities undertaken by the company. OUR LAWYERS - OUR CONVEYANCERS can advise you of the benefits and disadvantages of a corporate structure for your individual situation and can also assist you with incorporation and compliance with the requirements of the Australian Securities and Investments Commission.