Limited companies

[Explorer-8]

I have been asked by a friend who has his own one-man electrical business if I will become a partner/director, in name only, so that he can become a limited company. I would only provide the title of director and provide a home address because he does not yet have an address of his own since splitting up with his fiancee.

What are the dangers and pitfalls if I choose to go ahead with this plan?

[Buenchico]

It's not a particularly unusual arrangement. I used to run a limited company, with my father as a (purely nominal) director and using his address as the registered address of the company.

However, you'd be wise to read through this before agreeing to the arrangement:
http://www.businesslink.gov.uk/bdotg/action/la yer?topicId=1073870537

Chris