Allocate shares to a new director

[Crusoe101]

Hi there I wonder if any one can help.

I have recently appointed a new director of my plc and as such wish to make them jointly responsible for the company... personal reasons.

How do I allocate them shares in the plc and what form do i fill for companies house

I have looked at SH01 etc but it doesnt look suitable

[v8gaz]

Are you sure you have a PLC?

Also, don't conflate shareholders and directors - it is possible to be either without being the other.

Have you asked your accountant?

[Crusoe101]

oops

oops meant LTD

[northernladuk]

This was covered yesterday, have a search down the list a bit and see if you can see the post where this is being discussed at the moment. You accountant is always a good source of information as well.

[TimCaprica]

New shareholders

This page from BusinessLink should tell you most of what you need to know to make them a shareholder

On top of that you will have to tell Companies House that there is a new Director by filling in a form AP02

Be careful about making them a shareholder if it is not necessary as it will make everything much more complicated. By being a Director they will still be 'responsible' for the company (as would a Company Secretary to some extent).

If you want to discuss get into contact. I am an accountant and can be found on the Contractor UK list of accountants, as Caprica Online, here.

Mod note: I'll allow that indirect cheeky plug, but don't make a habit of it!