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In the UK you can have a one person limited liability company, where the same person acts as the sole director and the company secretary. That sole director can
by srgseg 11y ago
In the UK you can have a one person limited liability company, where the same person acts as the sole director and the company secretary. That sole director can either be an employee and a director or just a director. The difference is that their portion of income from being a director will be in the form of dividends, and the income from being an employee will be salary.
- pbhjpbhj 11y agoThat must have changed (in the Companies Act 2006?)? I'm director and secretary of a ltd co but when we formed our company I'm almost certain we needed two officers at minimum? [http://www.companybug.com/how-many-officers-must-a-limited-company-have/ http://www.companybug.com/how-many-officers-must-a-limited-c... - suggests I haven't dreamt it up!] You're quite right though, see Ch.2 at https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/418150/GP1_Incorporation_names_v5_4-ver0.29-4.pdf https://www.gov.uk/government/uploads/system/uploads/attachm.... or see https://www.gov.uk/limited-company-formation/appoint-directors-and-company-secretaries https://www.gov.uk/limited-company-formation/appoint-directo.... Unfortunately I can't add an errata above as editing that post is no longer allowed.