Preparing to set up a new limited by shares company, and I’ve got several concerned friends on my hands. I wanted to name three former colleagues as shareholders in my new limited company, because they have all provided either some crucial financial or logistical support to this project. I’ve told them that, and they were chuffed, but they were also a bit wary of the sort of role they will need to play in my company as shareholders. This got me thinking: I have no clue what a shareholder even does. Can someone help me out with this so I know what to tell my colleagues?
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