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Are you making him a director, shareholder or both and why?
If he isn’t investing in the business at the moment or being employed I wouldn’t do either. Let him occupy the house under a lease and wait until he has something to contribute to the business before giving him a directorship or shares. There is no good reason for doing otherwise. I hope that helps. Please leave a positive rating so that I am credited for my time.
If you give him shares of course it will, as he will obtain a capital interest in the business. A directorship will not automatically give him a financial interest in the business but it would give him certain powers of management and control and it would be, frankly, unwise to make anyone a director that wasn’t contributing to the business.