When forming a limited company (by shares) there are two compulsory appointments; the director and the shareholder. So what’s the difference?
A limited company director (or directors) is responsible for the general running of the company and ensuring all filing obligations such as annual returns and annual accounts are fulfilled.
A limited company shareholder (or shareholders) is the owner of the company.
It’s worth noting that a limited company can be formed with just one person acting as the director and the shareholder.
This post was brought to you by Mathew Aitken at Companies Made Simple – The Simplest Company Formation Service
Keep up to date. Subscribe to our RSS