Required Number of Shareholders and Directors to Incorporate a Company
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.
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.