In Jersey, a private company must have at least one director (and a public company at least two) and a sole director cannot also be the company secretary.
As a result, a number of sole traders look to appoint family members, usually partners or spouses, to the position of Company Secretary. What a number of people don’t realise is the legal responsibility and various roles of a Company Secretary. These include (but are not limited to):
At the other end of the spectrum, some entities with a number shareholders, perhaps start ups with multiple-funding rounds, may find onerous the task of tracking and properly managing share issuances . For that reason, looking to appoint appropriately qualified external Company Secretaries to take on this task can reduce the burden and ensure piece of mind.
For these reasons, a number of clients value appointing BR Secretaries Limited, our sister company, as their Corporate Company Secretary.