Company Structure In A Glimpse

 

Company Structure In A Glimpse

Ever heard about a Private Limited Company? You probably haven’t.

A Private Company limited by shares is owned by shareholders (better known as subscribers) with limited liability. As long as it remains private, its shares may not be offered to the general public, unlike those of a Public Limited Company. [I’d talk more on liability in a subsequent post]

I’d provide a structure of how the company hierarchy should look like:

Let’s talk about some key positions here. We’ll begin from the employees- up:

·         Employees: These are persons employed for wages or salary, especially at non-executive level. While some are permanent, others are casual, apprentices/trainees, hired, or any other kind of employee(s).

·         Investors: These are people or entities that allocate capital with the expectation of a future financial return, or to gain an advantage.

·         Subscriber(s): This term refers to those who are shareholders at the time of incorporation or legalization of the company. They are the first shareholders in a company. They own the company along with other shareholders.

·         Key Offices include; those of the Chief Financial Officer/Accountant, Chief Legal Officer, Chief Technology Officer, Head of Marketing/Advertisement Operations, General Secretary, and other relevant positions. These positions are greatly influenced by the kind of the business we intend running.

·         Managing Director (or CEO): This is the operational leader of the company. This individual will be appointed by, and report to the Board of Directors. The CEO could be a shareholder, board member, and an employee at the same time.

·         The Chairman: This is the person that heads the board. This Chairman controls the board meetings, directs discussions of the board, and supports the CEO.

So, this is just a basic structure; more on this in a future publication. For now, prepare for the big “thing” about to happen and become a part of us early. Get your proposals together and forward them to: koladejohn96@yahoo.com

Deadline for business proposal submission is still on: September 15, 2020.

If you’re interested in taking a step further in our direction, kindly click the link below and fill the form provided, to help us get to know you briefly:

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Check out my other pages:

ü  https://bracefinance.blogspot.com/2020/08/got-business-idea-but-no-capital.html

ü  https://bracefinance.blogspot.com/2020/08/making-right-financial-choice_12.html