It is a legal requirement for a limited company to store and maintain certain registers and records. These registers and records are important documents that provide a comprehensive record of the company's activities, ownership, and financial transactions. There are specific registers that need to be maintained by a limited company, including the register of members, register of directors, register of charges, and register of people with significant control.
If you have access to your registered office address (i.e. if you are using your home address or business premises), then it is a great idea to keep a physical copy stored there, so shareholders and directors have easy access to these. Alternatively, some companies choose to store their registers electronically - this is common if you are using a virtual office as your registered office. This involves creating digital copies of the registers and storing them on a secure and reliable electronic system. This can be a cloud-based storage platform or an internal server. Storing the registers electronically can offer benefits such as easier access, faster retrieval of information, and reduced risk of physical damage or loss. Regardless of the chosen storage method, it is important to ensure that the registers are kept up to date, accurate, and secure.
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