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Help with directors leaving a company?

Hi

I just want to know what a director has to do to inform companies house that they are leaving a company. Is there a certain form they have to fill in? Also if a director leaves a company and sells all their shares are they then totally free of that company, for instance if the company was to go bust or get into serious debt would it go bad against the previous directors credit rating? I imagine that once all shares are sold and the director is no longer part of the company all his or her responsibilities are then void. I just want to know if I am right in thinking this.

Thanks

Best Answer - Chosen by Asker

I've just answered a similar question to this - Companies House have all the documentation you need, make sure all others are informed if your name appears - VAT/HMRC/Bank accounts. Don't leave your name with any suppliers you may use (credit terms), make a formal letter stating when all the loose ends were tied up and when you ceased to be a Director. Good Luck

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