Who is a shareholder?

Who is a shareholder?

October 19, 2018

A shareholder is an individual or institution (including a corporation) that legally owns one or more shares of stock in a public or private corporation. Shareholders may be referred to as members of a corporation. Legally, a person is not a shareholder in a corporation until his or her name and other details are entered in the corporation‘s register of members

Shareholders of a corporation are legally separate from the corporation itself. They are generally not liable for the debts of the corporation; and the shareholders’ liability for company debts are said to be limited to the unpaid share price, unless if a shareholder has offered guarantees

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    Although it’s ideal to have a lawyer as a company secretary, it is not compulsory for small private businesses.

  • What is SON?

    SON stands for ‘Standards Organization of Nigeria’

  • Can a minor be a company director?

    No, a minor cannot be a director. A minor under Nigerian Law is anyone who is below 18 years of age.

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    Yes you can. The advantage is that it gives you the opportunity to have more than one logo or the opportunity to change your logo easily as opposed to registering the name and the logo as one trademark.

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