Photo by Marissa Grootes on Unsplash Take your average limited liability company incorporated in Ghana: the typical minimum of two directors and at least one shareholder requirement has been met; your auditor is in place along with your ever-faithful Company Secretary. You ensure you register your company with the Registrar General’s Department, Ghana Revenue Authority,...
Voice Summary: Introduction Businesses, be it Limited Liability Companies, Sole Proprietorships, Partnerships etc in Ghana like elsewhere exist with the aim of maximizing profit. Shareholders or persons who invest in such businesses by way of shares have an expectation that the company will keep being a going concern, make profit and declare dividends for the...
1.Introduction It is trite that companies are separate from their shareholders, directors and key management personnel (“controllers”).[1] A company’s property does not belong to its shareholders or directors – even if the company has a single shareholder who is also the sole director.[2] Even though these principles are basic and have been consistently applied by the...