The implementation of the 12th EC Directive on company law has made it possible for a private company to have only one shareholder and yet retain its limited liability. The single member company fulfills the commercial need for a corporate vehicle which confers limited liability on its shareholder and which is relatively easy to operate. This manual includes commentary on all company and taxation law and practice that is directly relevant to single member companies. It guides the practitioner through the process of forming and running such a company. A wide range of precedents are included, covering the main documents that are required for this purpose. These precedents, together with the narrative, illustrate how a single member company can be used, within the existing framework of the Companies Act 1985, to provide a corporate vehicle which dispenses with many otherwise redundant procedural requirements.
The implementation of the 12th EC Directive on company law has made it possible for a private company to have only one shareholder and yet retain its limited liability. The single member company fulfills the commercial need for a corporate vehicle which confers limited liability on its shareholder and which is relatively easy to operate. This manual includes commentary on all company and taxation law and practice that is directly relevant to single member companies. It guides the practitioner through the process of forming and running such a company. A wide range of precedents are included, covering the main documents that are required for this purpose. These precedents, together with the narrative, illustrate how a single member company can be used, within the existing framework of the Companies Act 1985, to provide a corporate vehicle which dispenses with many otherwise redundant procedural requirements.
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978-0-7520-0187-6 (9780752001876)
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Schweitzer Klassifikation
Introduction and historical background Forming, or converting to, a single member company The Memorandum of Association The Articles of Association Financing the company Operating the company Directors' Duties and Liabilities Accounts and auditing Taxation and the company Disposing of some or all of the shares Appendices: - Precedents - The Single Member Company Regulations 1992 - 12th EC Directive on Company Law Glossary
