Briefly– A private company limited by shares is a type of company incorporated under the laws of England, Wales and Scotland with at least one director and one shareholder (this can be the same person). Shares are allotted at the time of registration, i.e. assume you have one person wishing to register their Company, they would become director and shareholder with any number of shares allotted, if there were two or more directors each may also choose become a shareholder allotting equal or different quantities of shares.

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