Stock split

[thunderlizard]

I'm sole shareholder in a limited company. I'd like to be able to offer a small share of it to a sidekick. However, the company was formed with only two shares, and I'd like to offer a 5% share. How can we go about turning the 2 shares into, say, 1000 shares of which I can transfer 50? - e.g. forms to fill in, stamp duty to pay. My accountant chums tell me this is known as a stock split.

[Mark Snowdon]

split

check that there arte only 2 shares. It is common to have 100 or 1000 of which only 2 are issued and paid up.