What are the main company roles?

Each company has shareholders, directors, employees, and usually (but not always) a company secretary.

A company must have at least one shareholder and one director. A sole shareholder can also be a sole director. The shareholders own the company and the directors run the company.

The company secretary represents the directors in matters regarding the statutory authorities and compliance issues. It is no longer a legal requirement to have a company secretary, and most of our clients would therefore opt not to have one.

Most companies also have employees, who work for the company. As well as being a director and a shareholder, you will also be an employee of the company. You may also choose to employ someone else to take care of day to day personal administration, and it might be appropriate to employ your partner or spouse for this purpose.

Author: Amy Fowler
Published on: Last updated: 30th September 2024