Ltd Co formation online, who to use and number of Shares to issue ??

[M@H]

All done now, thank you for the advice all.

[mark09]

who did you eventually use then?

[gmurchison]

There was a lot of talk about gifting shares to your wife once the company is setup.

The question is how do you go about 'gifting shares'?

P.S. I used the link from contractor uk to set up my company, which gives you an off-the-shelf company (e.g. original directors resigned once myself I myself were appointed as directors)

[Bluebird]

There was a lot of talk about gifting shares to your wife once the company is setup.

The question is how do you go about 'gifting shares'?

P.S. I used the link from contractor uk to set up my company, which gives you an off-the-shelf company (e.g. original directors resigned once myself I myself were appointed as directors)

isn't it just easier to make your wift Co Sec & give her equal shares when the company is ste up ?

My wife and I each got a £1 share in the co which we paid for...

[gmurchison]

Yes, it would have been easier... but although my wife is comp secretary, I did not have the option to set here up as a share holder at the time!

[Bluebird]

Yes, it would have been easier... but although my wife is comp secretary, I did not have the option to set here up as a share holder at the time!

ok then sell or transfer her the shares.
form from companies house.

[gmurchison]

ta very much chuck!

[PAG]

Yes, it would have been easier... but although my wife is comp secretary, I did not have the option to set here up as a share holder at the time!

Co sec alone will not qualify for the shares. He/She also have to be a Director to qualify for share allotment. At least that is what I thought.

[Lewis]

There was a lot of talk about gifting shares to your wife once the company is setup.

The question is how do you go about 'gifting shares'?

P.S. I used the link from contractor uk to set up my company, which gives you an off-the-shelf company (e.g. original directors resigned once myself I myself were appointed as directors)

I've done a little digging on this. I found this page on the HMRC site http://www.hmrc.gov.uk/so/faqs.htm#2.

Plus I also found this on the companies house web site "To transfer shares in a private or unlimited company, a seller must complete and sign the appropriate section of a 'stock transfer form' - available from law stationers - and pass it, together with the share certificate, to the new owner. The new owner must then complete their section of the stock transfer form, pay any stamp duty to the Inland Revenue and pass the completed form and share certificate to the company. The company secretary then arranges for the directors to authorise the change to the members' register and issues a share certificate in the new name. "(http://www.companieshouse.gov.uk/abo...ml/gba6.shtml).

HMRC say you need to purchase a stock transfer form but I found a few copies online e.g. http://www.london.edu/assets/documen...nsfer_Form.pdf.

I'm not sure about the category L part though. It all sounds a bit complicated so I reckon getting an accountant to do it might be a good idea. Also not sure if you need to pay stamp duty on a small number £1 shares. But hopefully this gives you some idea of how it works.

[DaveB]

Co sec alone will not qualify for the shares. He/She also have to be a Director to qualify for share allotment. At least that is what I thought.

Not true, anyone can be a share holder in a company and there are no restrictions on who "qualifies" to own them. To obtain shares all that needs to happen is either :

A) Existing shareholder gives them to you as a gift.

B) You buy the shares from an existing share holder.

C) You buy the shares directly from the Co. at first issue - Usually when the Co starts up.