THis was a brilliant video, much better than that one on HMRC. Three questions, if there is currently just me in my limited company but I want to add ONE more person, (1) where do I add the details of say John Brown who I then want to give 50 shares to, and keep 50 shares for myself. (2) Why do I have to make the 1 share to 100 shares and then divide 50:50. Why can't I increase the 1 share to 2 shares with a value of £1 each - and just give me and John 1 share each? and finally (3) How do I assign John as a B-share holder? rather than ordinary?
That was a big help I created a limited company and issued 1 Share, but would like to increase that to 100, but wondered if only 1 can be issued and paid with 99 unpaid and not allotted, if that makes sense
I have a question... I am currently the only director and shareholder of the company, but I want to invest £2000 cash into the company through allotting shares to myself. Am I right in saying that I allotting 1 share with a nominal value of £2000 is the exact same as allotting 2000 shares with a nominal value of £1 each? Also is the company ownership determined by the number of shares in the company, or by the total of the nominal value paid for the shares? So for example If I allotted 2000 shares to myself with a nominal value of £1 each, and also allotted 1 share with a nominal value of £2000 to an investor, would we both own the same stake in the company? Thanks for your help. Jason.
Hi Jason, thanks for the question. I would firstly ask why you would want to tie up the cash in the shares (you will not be able to get this back unless you sell the company). You may want to issue 2000 shares with a smaller nominal value and then invest the other money as a director loan which can be repaid to you at any time. Company ownership is determined normally by the number of shares, however you can have different types of shares with different voting rights. In the instance you describe above, you would need to set up different types of shares (Alphabet shares) and detail the right associated with each one. This is quite complex though and there are quite a few traps so I wouldn't recommend doing this without professional advice!
Hi. We set up a company 50/50 shares between myself and my partner. We had to transfer it solely in my name giving me the 100 shares, however we now want her to rejoin half the company. Is this simply filing an Sho1 form?
Hi there, the SH01 form only needs to be completed when issuing more shares. We have a useful guide on how to transfer shares here www.millwardmay.co.uk/share-transfer hope this helps!
Great Video. I have just registered a limited company with the standard 1 ordinary share, and appointed 2 further Directors of differing skillsets through WebFiling on the basis that we 3 will be equal share holder. Nice and easy and all looks correct on Companies House website. Am i correct to say I can either issue 2 further shares to make 3 altogether being 1 each, 98 further shares to make 99 altogether being 33 each and so on? Then after the SH01 form has been submitted through WebFiling I then allocate the shares equally with share certificate followed up by the confirmation statement?
Can I issue shares of a different class and rights? ie the box standard share structure from companies house came with 100. I would like to give some away but without voting rights
Hi MaButho, this video is only intending to show a simple example. For more complex scenarios, I would suggest speaking to an accountant directly for some advice, all the best
Thanks for the video. Very helpful. I have just added 99 shares to my company to make it 100 as I want to give a new director 50 shares. How do I do that? I have successfully submitted the SH01 form. Thank you.
Hi Tiesha, you should be able to search for your company at the companies house register here beta.companieshouse.gov.uk/ (All active companies will be on here)
I'm Edward Smith. I'm co-founder of a future fortune 500 company, Earnertainment! We're in our infancy stage, however.. I'd love to offer you a share of equity in exchange for your services and mentoring in building this company!
We have stopped commenting on this video, if you'd like some paid for advice feel free to email us at info@millwardmay.co.uk
THis was a brilliant video, much better than that one on HMRC. Three questions, if there is currently just me in my limited company but I want to add ONE more person, (1) where do I add the details of say John Brown who I then want to give 50 shares to, and keep 50 shares for myself. (2) Why do I have to make the 1 share to 100 shares and then divide 50:50. Why can't I increase the 1 share to 2 shares with a value of £1 each - and just give me and John 1 share each? and finally (3) How do I assign John as a B-share holder? rather than ordinary?
That was a big help
I created a limited company and issued 1 Share, but would like to increase that to 100, but wondered if only 1 can be issued and paid with 99 unpaid and not allotted, if that makes sense
Thank you .... shared xx
Is this the same form you would use for transferring sharers that already exist instead of new shares ?
Shares**
I have a question...
I am currently the only director and shareholder of the company, but I want to invest £2000 cash into the company through allotting shares to myself. Am I right in saying that I allotting 1 share with a nominal value of £2000 is the exact same as allotting 2000 shares with a nominal value of £1 each?
Also is the company ownership determined by the number of shares in the company, or by the total of the nominal value paid for the shares? So for example If I allotted 2000 shares to myself with a nominal value of £1 each, and also allotted 1 share with a nominal value of £2000 to an investor, would we both own the same stake in the company?
Thanks for your help.
Jason.
Hi Jason, thanks for the question. I would firstly ask why you would want to tie up the cash in the shares (you will not be able to get this back unless you sell the company). You may want to issue 2000 shares with a smaller nominal value and then invest the other money as a director loan which can be repaid to you at any time. Company ownership is determined normally by the number of shares, however you can have different types of shares with different voting rights. In the instance you describe above, you would need to set up different types of shares (Alphabet shares) and detail the right associated with each one. This is quite complex though and there are quite a few traps so I wouldn't recommend doing this without professional advice!
Helpful video. Thanks...:-)
Hi. We set up a company 50/50 shares between myself and my partner. We had to transfer it solely in my name giving me the 100 shares, however we now want her to rejoin half the company. Is this simply filing an Sho1 form?
Hi there, the SH01 form only needs to be completed when issuing more shares. We have a useful guide on how to transfer shares here www.millwardmay.co.uk/share-transfer hope this helps!
Great Video. I have just registered a limited company with the standard 1 ordinary share, and appointed 2 further Directors of differing skillsets through WebFiling on the basis that we 3 will be equal share holder. Nice and easy and all looks correct on Companies House website. Am i correct to say I can either issue 2 further shares to make 3 altogether being 1 each, 98 further shares to make 99 altogether being 33 each and so on? Then after the SH01 form has been submitted through WebFiling I then allocate the shares equally with share certificate followed up by the confirmation statement?
Hi Matt, yes, that is spot on! Thanks for the feedback, Emma
Can I issue shares of a different class and rights? ie the box standard share structure from companies house came with 100. I would like to give some away but without voting rights
Hi MaButho, this video is only intending to show a simple example. For more complex scenarios, I would suggest speaking to an accountant directly for some advice, all the best
Thanks for the video. Very helpful. I have just added 99 shares to my company to make it 100 as I want to give a new director 50 shares. How do I do that? I have successfully submitted the SH01 form. Thank you.
Hi, check out our tutorial on how to transfer shares here www.millwardmay.co.uk/share-transfer
what if you can not locate your company?
Hi Tiesha, you should be able to search for your company at the companies house register here beta.companieshouse.gov.uk/ (All active companies will be on here)
I'm Edward Smith. I'm co-founder of a future fortune 500 company, Earnertainment!
We're in our infancy stage, however.. I'd love to offer you a share of equity in exchange for your services and mentoring in building this company!