₦airaland Forum

As we step into a new week, may this week bring us new opportunities, greater connections, profitable deals, and outstanding results.

We declare that:
✨ Our businesses will flourish and prosper.

✨ Our efforts will yield meaningful results.

✨ We will attract the right clients, partners, and opportunities.

✨ Every legitimate transaction we pursue will bring profit and progress.

✨ We will not experience loss, disappointment, or stagnation.

We are growing. We are expanding. We are succeeding.

This week will be better than the last! 🥂

DIRECTORS VERSUS SHAREHOLDERS

Today, I would like to explain the difference between a Director and a Shareholder because a lot of people still get confused about this.

SHAREHOLDERS ARE THE OWNERS OF A COMPANY by virtue of the shares they own. They are regarded as members or subscribers. A shareholder who owns at least 5% of the company shares can also be a Person with Significant Control (PSC).

A Shareholder can be a Director, but it is not compulsory.

I registered a company a few months ago where there were 4 Shareholders but only 2 Directors.

Directors are appointed to manage and oversee the affairs of the company. They don't necessarily have to own shares.

For example, Mr A can be a Director of SUBSIDY REMOVAL LIMITED without owning any shares in the company.

I also registered a company where the client wanted his elder brother to be part of the company. We agreed that the elder brother should come in as a Director without owning any shares.

So, the company had 2 Directors but only 1 Shareholder. My client remained the owner, while his elder brother was involved in managing the company as a Director.

This is perfectly legal.

So, someone can be a Director without being a Shareholder, and someone can also be a SHAREHOLDER WITHOUT BEING A DIRECTOR.

Another important thing to note is that a minor can be a Shareholder, but a minor cannot be a Director.

When registering a company with CAC, one person can be the SOLE SHAREHOLDER and SOLE DIRECTOR

For example, Atiku can register his company and be the sole Shareholder and sole Director. Later, he can decide to bring in more Shareholders or Directors. That can be done as a POST INCORPORATION SERVICE.

The easiest way to understand it is:

Shareholders own the company.
Directors manage the company.

Sometimes, they are the same people. Sometimes, they are not.

DIRECTORS VERSUS SHAREHOLDERS

Today, I would like to explain the difference between a Director and a Shareholder because a lot of people still get confused about this.

SHAREHOLDERS ARE THE OWNERS OF A COMPANY by virtue of the shares they own. They are regarded as members or subscribers. A shareholder who owns at least 5% of the company shares can also be a Person with Significant Control (PSC).

A Shareholder can be a Director, but it is not compulsory.

I registered a company a few months ago where there were 4 Shareholders but only 2 Directors.

Directors are appointed to manage and oversee the affairs of the company. They don't necessarily have to own shares.

For example, Mr A can be a Director of SUBSIDY REMOVAL LIMITED without owning any shares in the company.

I also registered a company where the client wanted his elder brother to be part of the company. We agreed that the elder brother should come in as a Director without owning any shares.

So, the company had 2 Directors but only 1 Shareholder. My client remained the owner, while his elder brother was involved in managing the company as a Director.

This is perfectly legal.

So, someone can be a Director without being a Shareholder, and someone can also be a SHAREHOLDER WITHOUT BEING A DIRECTOR.

Another important thing to note is that a minor can be a Shareholder, but a minor cannot be a Director.

When registering a company with CAC, one person can be the SOLE SHAREHOLDER and SOLE DIRECTOR

For example, Atiku can register his company and be the sole Shareholder and sole Director. Later, he can decide to bring in more Shareholders or Directors. That can be done as a POST INCORPORATION SERVICE.

The easiest way to understand it is:

Shareholders own the company.
Directors manage the company.

Sometimes, they are the same people. Sometimes, they are not.

DIRECTORS VERSUS SHAREHOLDERS

Today, I would like to explain the difference between a Director and a Shareholder because a lot of people still get confused about this.

SHAREHOLDERS ARE THE OWNERS OF A COMPANY by virtue of the shares they own. They are regarded as members or subscribers. A shareholder who owns at least 5% of the company shares can also be a Person with Significant Control (PSC).

A Shareholder can be a Director, but it is not compulsory.

I registered a company a few months ago where there were 4 Shareholders but only 2 Directors.

Directors are appointed to manage and oversee the affairs of the company. They don't necessarily have to own shares.

For example, Mr A can be a Director of SUBSIDY REMOVAL LIMITED without owning any shares in the company.

I also registered a company where the client wanted his elder brother to be part of the company. We agreed that the elder brother should come in as a Director without owning any shares.

So, the company had 2 Directors but only 1 Shareholder. My client remained the owner, while his elder brother was involved in managing the company as a Director.

This is perfectly legal.

So, someone can be a Director without being a Shareholder, and someone can also be a SHAREHOLDER WITHOUT BEING A DIRECTOR.

Another important thing to note is that a minor can be a Shareholder, but a minor cannot be a Director.

When registering a company with CAC, one person can be the SOLE SHAREHOLDER and SOLE DIRECTOR

For example, Atiku can register his company and be the sole Shareholder and sole Director. Later, he can decide to bring in more Shareholders or Directors. That can be done as a POST INCORPORATION SERVICE.

The easiest way to understand it is:

Shareholders own the company.
Directors manage the company.

Sometimes, they are the same people. Sometimes, they are not.

There's no flight from east to Ibadan

Only to Lagos

iamnotillicit:
Osun is relatively safe

You can take a flight to ibadan, it's very near to osun

They share borders

Very close like lovers

I wan know how the road situation go be from Enugu to Osun since flight can't go from here to there

Happy weekend, we are always active..

Happy weekend, we are always active.

Happy weekend, we are always active.

Let all get ready

We are up and running

We are up for all compliance

Still available for all Company DUNS number...

Still available

Online and active 😀

Online and active 😀

Online and active 😀

Get it resolved

Always up

Let's do this

Pave way to your business today.

Pave way to your business today.

Dear Nigerians,
Get these ready. There will be massive opportunities from the FG between now and April next year:
1. NIN
2. BVN
3. CAC certificate
4. SCUML
5. Company account
6. Stay Compliance (Annual Returns Filling, Tax Clearance...)
7. Clear product/service photos or videos
8. Your passport

It’s about to rain opportunities!

Dear Nigerians,
Get these ready. There will be massive opportunities from the FG between now and April next year:
1. NIN
2. BVN
3. CAC certificate
4. SCUML
5. Company account
6. Stay Compliance (Annual Returns Filling, Tax Clearance...)
7. Clear product/service photos or videos
8. Your passport

It’s about to rain opportunities!

We keep it smoothly

Dear Nigerians,
Get these ready. There will be massive opportunities from the FG between now and April next year:
1. NIN
2. BVN
3. CAC certificate
4. SCUML
5. Company account
6. Stay Compliance (Annual Returns Filling, Tax Clearance...)
7. Clear product/service photos or videos
8. Your passport

It’s about to rain opportunities!