In order to register a private limited company, you must issue at least one share. It is essentially a ‘piece’ of the company, or a percentage of the business. Think of it like a cake cut into slices, or a pie chart. If a company issues only one, it is worth 100% of the company. If…
The statement of capital was introduced on 1st October 2009 when the Companies Act 2006 came into full effect. It also provides a brief summary of a limited company’s issued share capital at a certain date. All limited by shares companies are required to complete a Statement of Capital and Initial Shareholdings on Form IN01 during…
If you are planning to register a new limited company, you must first decide whether it will be limited by shares or limited by guarantee. The vast majority of companies are set up as limited by shares. This is an ideal legal structure if you want to keep business profits for yourself. Limited by guarantee…
