What is the minimum number of members required to form a limited company?

What is the minimum number of members required to form a limited company?

• A. One member
• B. Three members
• C. Two members
• D. Four members

Answer: (C)

A limited company is created when people agree to own it by holding shares. To start this structure and give the company a separate legal existence, there must be at least two people taking on membership and agreeing to form the company. This ensures there is initial ownership and a basic governance setup from the outset. For the exam context given, two members is the minimum needed. (Note that in some modern rules a one-person company can exist, but the typical early framing requires two.)

A limited company is created when people agree to own it by holding shares. To start this structure and give the company a separate legal existence, there must be at least two people taking on membership and agreeing to form the company. This ensures there is initial ownership and a basic governance setup from the outset. For the exam context given, two members is the minimum needed. (Note that in some modern rules a one-person company can exist, but the typical early framing requires two.)