Understanding different company roles
Learn about the key roles in a limited company
Shareholders
Shareholders own one or more shares in a company, making them a part or full owner. They are usually entitled to a portion of the company's profits (paid as dividends) and often have voting rights for major company decisions.
Directors
Directors are legally appointed to manage the company’s day-to-day operations, ensure the company meets its legal and financial obligations, and make important business decisions for the benefit of the shareholders.
Persons with Significant Control (PSCs)
PSCs are individuals or entities who have significant influence or control over a company.
Company Secretary (Optional)
A company secretary provides legal and compliance assistance to the directors and shareholders. Duties may include statutory filings and creating and maintaining statutory documents, such as company registers.
💡 In a limited by shares company, the same individual can hold multiple (or all) positions . For example, one person can be the sole director, sole shareholder, and Person with Significant Control (PSC).
Guarantors (applicable to limited by guarantee companies only)
Guarantors provide a nominal financial commitment to cover the company's debts if it is wound up.
Members (applicable to LLPs only)
Members take part in running the LLP, share in its profits, and benefit from limited liability. An LLP must have 2 Designated Members at all times who are responsible for statutory filings.