The Government pledged yesterday to make "sweeping changes" to company law to make it easier for smaller firms to do business.
Trade and Industry Secretary Alistair Darling published a reform Bill which he estimated would save companies £250 million, including £100 million a year for small companies.
The changes are aimed at making it easy for small firms to be set up as well as deregulating the way they are run.
One of the measures will allow directors to use a service rather than home address on documents in a bid to protect them from attacks by animal rights extremists.
Mr Darling said the Government had tried to strike an appropriate balance between giving shareholders access to directors and protecting people from attack.
"We owe it to people to protect them from a tiny minority of extremists," Mr Darling said.
The Minister said a thorough overhaul of the law was needed to make it more suited to the needs of British industry.
"The measures set out in the Bill will achieve that. It will help to ensure that our company regulation and financial markets continue to be regarded as among the world's best.