Small business directors’ guide
Are you an existing small-business director or new to the role? Learn more about your responsibilities in ASIC’s guide for small-business directors.
ASIC’s guide provides an overview of directors’ duties under the Corporations Act 2001 and covers the following topics:
- what it means to be a company director
- how to become a company director
- directors’ key responsibilities
- directors’ liabilities when things go wrong
- how to resign as a director.
The guide is part of a suite of resources produced by the Australian Taxation Office, Department of Industry & Science and ASIC to help small-business owners understand the difference between operating as a sole trader and a company and the key responsibilities of company directors, including potential liabilities if things go wrong.
ASIC’s guide for small-business directors is available at www.asic.gov.au/sb-directors
For further information on choosing the right structure for your business, visit www.business.gov.au/soletradertocompany
