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Introduction to this document

Written record of decision by sole shareholder

It’s common for small companies to have a sole shareholder. If your company does, one of the special rules that applies is the requirement to make a written record of any decisions made by the shareholder.

Special rules

One of the requirements in place to keep the identity of the company separate from that of its sole shareholder and also to make sure that proper records are kept is for all decisions of the sole shareholder to be recorded in writing. This must be done whether the decision has been made at a meeting, e.g. at which the sole shareholder is briefed by the directors, or by the sole shareholder on their own.