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Required Number of Shareholders and Directors to Incorporate a Company

Shareholder

For basic limited companies, a shareholder is an individual that owns part or all of the shares in a company. A limited company in the UK can be incorporated with only one shareholder with at least £1 worth of shares.

Director

A Director is an individual who is appointed or elected to manage the affairs of a company and to make important decisions on behalf of the company. You can appoint yourself as a Director when incorporating a company. A Director is responsible for overseeing the company’s operations, setting its strategic direction, and ensuring that it complies with all relevant laws and regulations.

In the UK, a limited company can be incorporated with just one shareholder and one director, who can be the same person.

Author

Fungayi Mukosera