Many companies in the UK companies register are owner managed businesses. This means that the shareholders are also the directors. Many of these are run as sole director companies. i.e., that there is only one director. Sole director companies enable quick, nimble and streamlined decision making.
The questions that are often asked about sole director companies are:
- Do they differ from other companies with more directors and, if so, how do they differ?
- Are there any specific issues that sole director companies need to consider?