CRITICAL ASSESMENT OF ONE MAN COPANY LIMITED BY SHARES IN NIGERIA

Abstract

A one man company limited by shares is a company that was set up or registered by an individual. That individual is the sole shareholder and director while maintaining limited liability. This type of company has a structure that shields personal assets from business risks, giving room for entrepreneurial growth and innovation. This article relied on doctrinal research method basing on legal analysis of company and allied matters Act, 2020. It is the finding of this article that one man company provides effective protection for personal assets, simplifies decision making and regulatory compliance is generally low, the article concludes that one man company balances corporate structure with flexibility, legal protection and business leadership. This business is ideal for small and medium sized enterprises (SMEs). It is recommended that the registration process should a simplified and its existence will communicated to the populace by corporate affair commission.