APT Initiatives
APT Business & Economics Resources
Minimising Workloads, Maximising Performance
Established in 1999

Categories
Information
Special Items

Private limited company (Ltd)

A business that is owned by one or more individuals or companies (known as shareholders) and which acquires a separate legal identity to its owners. This means the business can own property, sue and be sued, and that the business’s finances are separate to the owners (shareholders). Shareholders must elect / appoint at least one director to be responsible for making all the key business decisions and managing the business (on the shareholder’s behalf). NB: a director can also be a shareholder of the company; directors must be at least 16 years of age (from 1st October 2008); directors normally elect a Chairman and Managing Director but this can be one and the same. The appointment of a Company Secretary was, up until recently, a legal requirement but is now optional.

Millstone Lodge, Eaton Upon Tern, Market Drayton, Shropshire, TF9 2BX - Tel : 01952 540877 - Fax : 01952 541230
Registered in England no.: 5211217 VAT Number: 815750626
www.apt-initiatives.com - sales@apt-initiatives.com | © Copyright 2008 - APT Initiatives Ltd

terms & conditions | sitemap

Valid HTML 4.01 Transitional Valid CSS!